Carthage Improvements Corporation

Analysis

Carthage Improvements Corporation is a registered charity in United States, based in Carthage, TX. It received its IRS tax-exemption ruling in February 2000, 26 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Carthage Improvements Corporation reported income of $928k and spending of $132k, leaving 86% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $652k to $928k (+42%), an average of +9.2% a year. The sharpest change came in the year to September 2023, when income rose by 22%. Over the whole period it spent 49% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Carthage Improvements Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include M O S E S Metropolitan Organizing Strategy Enabling Strength ($928k), Beyond Walls Inc ($928k) and L-Life Food Pantry ($927k).

Compensation of current officers, directors and key employees was $32k (25% of expenses). At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m. It reported 1 employees.