Merchant Row Association Corp

Analysis

Merchant Row Association Corp is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2017, 9 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 September 2023, Merchant Row Association Corp reported income of $397k and spending of $218k, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to September 2023, income fell from $476k to $397k (-16%), an average of -4.4% a year. The sharpest change came in the year to September 2021, when income rose by 263%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Merchant Row Association Corp sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 39th percentile within DC. Charities of a similar size with the same main cause include Indiana Cooperative Development Center Inc ($397k), Child Advocacy Services Sega Inc ($397k) and Leadership Greater Syracuse Inc ($397k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $61k (28% of expenses). At year end it held assets of $212k against liabilities of $6,878, net assets of $205k. It reported 2 employees.