Mid City Community Advocacy Network

Analysis

Mid City Community Advocacy Network is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in April 2020, 6 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, Mid City Community Advocacy Network reported income of $3.0m and spending of $1.1m, leaving 64% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $551k to $3.0m (+449%), an average of +449% a year. The sharpest change came in the year to December 2023, when income rose by 449%. Over the whole period it spent 30% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mid City Community Advocacy Network 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 CA. Charities of a similar size with the same main cause include Citizens Committee for New York City Inc ($3.0m), Aace International ($3.0m) and Metropolitan Consortium of Community Developers ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $83k (7.7% of expenses). Other salaries and wages came to $640k. At year end it held assets of $2.6m against liabilities of $91k, net assets of $2.5m. It reported 19 employees.