Town of Mayesville Community Development Corporation

Analysis

Town of Mayesville Community Development Corporation is a registered charity in United States, based in Mayesville, SC. It received its IRS tax-exemption ruling in August 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Town of Mayesville Community Development Corporation reported income of $84k and spending of $39k, leaving 53% of income unspent that year. Across the 2 years on record, from April 2023 to April 2024, income grew from $58k to $84k (+43%), an average of +44% a year. The sharpest change came in the year to April 2024, when income rose by 43%. Over the whole period it spent 84% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Town of Mayesville Community Development Corporation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 38th percentile within SC. Charities of a similar size with the same main cause include Dmsca Supplier Development Foundation ($84k), Altavista Community Development Committee Corp ($84k) and Pennsylvania State Association of County Fairs ($84k).

On its Form 990-EZ for the period ending April 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.