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Midtown Redevelopment Corporation

EIN 73-1489699 · Oklahoma City, OK

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak40 out of 100GovernanceGood81 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE CORPORATIONS PURPOSE IS TO ENCOURAGE THE CIVIC, SOCIAL, RESIDENTIAL AND COMMERCIAL REVITALIZATION OF MIDTOWN THROUGH THE INVOLVEMENT, COOPERATION, COORDINATION AND ACTION OF PROPERTY OWNERS, TENANTS, AND INTERESTED PARTIES AIMED AT IMPLEMENTING AND PROMULGATING

Income
$228,649
Spending
$266,680
Spent on programs
69%
Reserves
2.7 months of spending
Largest source of income
fees for its services, 97%
Employees
0
Volunteers
19

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 40 out of 100. Higher than 14% of charities in its peer group (community improvement, under $250k).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.7 months of spending.

  • Debt

    10 of 20

    It owes 39% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 17% of income.

  • Income trend

    5 of 15

    Income fell 16% on the year before.

  • Spending floor

    15 of 15

    69% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 81 out of 100. Higher than 67% of charities in its peer group (community improvement, under $250k).

  • Independent board

    25 of 25

    19 of 19 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $184,767 spent. BID PROGRAMS - THE CORPORATION REPRESENTS A GEOGRAPHICAL AREA OF PROPERTIES WITHIN THE DOWNTOWN BUSINESS IMPROVEMENT DISTRICT BID AND AS SUCH, MANAGES THE BID PROGRAM FUNDS RELATED TO THE BID CONTRACT BETWEEN DOWNTOWN OKLAHOMA CITY PARTNERSHIP AND THE CITY OF OKC. BID FUNDS ARE ALLOCATED AND OVERSEEN BY THE CORPORATION TO FURTHER THE MISSION OF THE ORGANIZATION AND COMPLEMENT DISTRICTWIDE BID PROGRAMMING. EVENTS AND PROJECTS THAT OCCURRED DURING THE 2023 FISCAL YEAR ARE MIDTOWN WALKABOUT, MIDTOWN TREE GRANT, MERRY MIDTOWN AND 10 BUCK LUNCH.

Source: Form 990 for the year ending September 30, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Worth knowing.

    Status was revoked on May 15, 2013 for not filing returns for three years, and reinstated on May 15, 2013.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending September 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2014.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.