Market Center Community Development Corporation

Analysis

Market Center Community Development Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 2019, 7 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 June 2024, Market Center Community Development Corporation reported income of $114k and spending of $129k, spending 114% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $158k to $114k (-28%), an average of -15% a year. The sharpest change came in the year to June 2023, when income rose by 400%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Market Center Community Development Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within MD. Charities of a similar size with the same main cause include Santa Fe Community Services Inc ($114k), George M Ewing Canandaigua Forum ($114k) and Friends of Honolulu City Lights ($114k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 6.2% of the total. At year end it held assets of $47k against liabilities of $45k, net assets of $2,087.