Macon Ridge Community Development Corporation

Analysis

Macon Ridge Community Development Corporation is a registered charity in United States, based in Ferriday, LA. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Macon Ridge Community Development Corporation reported income of $470k and spending of $783k, spending 167% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $484k to $470k (-2.9%), an average of -0.7% a year. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Macon Ridge Community Development Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within LA. Charities of a similar size with the same main cause include McDonald Presbyterian Senior Housing Inc ($469k), Ahepa 284 II Inc ($470k) and Tri Valley Reach Inc ($469k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $124k. At year end it held assets of $3.0m against liabilities of $3.3m, net assets of -$305k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.