MVL Community Charitable Development Group Inc

Analysis

MVL Community Charitable Development Group Inc is a registered charity in United States, based in Mount Vernon, IA. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, MVL Community Charitable Development Group Inc reported income of $67k and spending of $82k, spending 123% of what it took in. Across the 3 years on record, from June 2019 to June 2023, income fell from $428k to $67k (-84%), an average of -60% a year. The sharpest change came in the year to June 2022, when income dropped by 78%. Over the whole period it spent 290% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, MVL Community Charitable Development Group Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within IA. Charities of a similar size with the same main cause include McLoughlin Memorial Association ($67k), Amherst Male Glee Club Inc ($67k) and Cold Spring Area Maennerchor Inc ($67k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. At year end it held assets of $81k against liabilities of $0, net assets of $81k.