MDCDC Inc

Analysis

MDCDC Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, MDCDC Inc reported income of $3.0m and spending of $3.4m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.9m to $3.0m (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, MDCDC Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Pike Place Market Foundation ($3.0m), Bme Networks ($3.0m) and Fulton Mall Improvement Assoc Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $1.0m. At year end it held assets of $5.7m against liabilities of $1.4m, net assets of $4.3m.