Midland Community Development Corporation

Analysis

Midland Community Development Corporation is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in August 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Midland Community Development Corporation reported income of $785k and spending of $466k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $538k to $785k (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2021, when income rose by 189%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Midland Community Development Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Helping Hand of Myrtle Beach Inc ($785k), Texas Panhandle Independent Futures Foundation ($785k) and Swiftsure Ranch Theraputic Equestrian Center Inc ($784k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $133k (29% of expenses). Other salaries and wages came to $43k. At year end it held assets of $4.5m against liabilities of $220k, net assets of $4.2m. It reported 4 employees.