MMC Realty Corp

Analysis

MMC Realty Corp is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in February 1989, 37 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, MMC Realty Corp reported income of $4.4m and spending of $3.9m, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $5.9m to $4.4m (-25%), an average of -7.0% a year. The sharpest change came in the year to September 2021, when income dropped by 46%. Over the whole period it spent 66% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, MMC Realty Corp sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within ME. Charities of a similar size with the same main cause include Carolinas Care Partnership ($4.4m), Webster Emergency Medical Services Inc ($4.4m) and Lighthouse Beacon for Youth Foundation Inc ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 91% of the total. At year end it held assets of $49.4m against liabilities of $7.2m, net assets of $42.2m.