Midtown Redevelopment Corporation

Analysis

Midtown Redevelopment Corporation is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Midtown Redevelopment Corporation reported income of $272k and spending of $232k, spending 85% of its income. Across the 3 years on record, from September 2019 to September 2023, income grew from $90k to $272k (+203%), an average of +74% a year. The sharpest change came in the year to September 2022, when income rose by 141%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Midtown Redevelopment Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 61st percentile within OK. Charities of a similar size with the same main cause include Emmetsburg Community Developmentcorporation ($272k), Central Nodak Development Corporation ($272k) and South Charleston Convention & Visitors Bureau Inc ($272k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 15% and program service revenue 83% of the total. At year end it held assets of $113k against liabilities of $13k, net assets of $100k.