Merrick Moore Community Development Corporation

Analysis

Merrick Moore Community Development Corporation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in April 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 (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, Merrick Moore Community Development Corporation reported income of $54k and spending of $11k, leaving 79% of income unspent that year. Across the 3 years on record, from June 2019 to June 2023, income grew from $5,050 to $54k (+960%), an average of +226% a year. The sharpest change came in the year to June 2023, when income rose by 4473%. Over the whole period it spent 21% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Merrick Moore Community Development Corporation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 19th percentile within NC. Charities of a similar size with the same main cause include Hickory Nut Gorge Olympiad ($54k), Oshkosh Mid-Morning Kiwanis Foundation Inc ($54k) and Saidiana ($54k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $43k against liabilities of $0, net assets of $43k.