Mt Pleasant Community Development Corporation

Analysis

Mt Pleasant Community Development Corporation is a registered charity in United States, based in Monroe, LA. It received its IRS tax-exemption ruling in July 1999, 27 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 December 2023, Mt Pleasant Community Development Corporation reported income of $611k and spending of $555k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $91k to $611k (+573%), an average of +61% a year. The sharpest change came in the year to December 2021, when income rose by 248%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mt Pleasant Community Development Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within LA. Charities of a similar size with the same main cause include Hard Bargain Mt Hope Redevelopment Inc ($611k), Orion Area Not-For-Profit Housing Corp ($612k) and Senior Citizens Housing Development Corporation of Mt Lebanon ($611k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 46% of the total. Other salaries and wages came to $279k. At year end it held assets of $2.5m against liabilities of $150k, net assets of $2.3m. It reported 17 employees.