Medina Economic Development

Analysis

Medina Economic Development is a registered charity in United States, based in Hondo, TX. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Medina Economic Development reported income of $87k and spending of $133k, spending 153% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $227k to $87k (-62%), an average of -38% a year. The sharpest change came in the year to December 2022, when income dropped by 56%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Medina Economic Development sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include Interfaith Network of Care Inc ($87k), Cave Junction Farmers Market ($87k) and Galilee Foundation ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 30% of the total. At year end it held assets of $149k against liabilities of $0, net assets of $149k.