Maiden Rosenwalt Community Development Corporation

Analysis

Maiden Rosenwalt Community Development Corporation is a registered charity in United States, based in Maiden, NC. It received its IRS tax-exemption ruling in November 2021, 5 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 May 2023, Maiden Rosenwalt Community Development Corporation reported income of $374k and spending of $398k, spending 107% of what it took in. Across the 6 years on record, from May 2018 to May 2023, income grew from $285k to $374k (+31%), an average of +5.6% a year. The sharpest change came in the year to May 2019, when income rose by 47%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Maiden Rosenwalt 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 65th percentile, and in the 64th percentile within NC. Charities of a similar size with the same main cause include CTK Development Corporation ($373k), Southeast Nebraska Development Inc ($374k) and Hill District Consensus Group ($373k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $292k. At year end it held assets of $2,923 against liabilities of $137k, net assets of -$134k. It reported 58 employees.