MDM Observatory Consortium Inc

Analysis

MDM Observatory Consortium Inc is a registered charity in United States, based in Hanover, NH. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, MDM Observatory Consortium Inc reported income of $669k and spending of $542k, spending 81% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $503k to $669k (+33%), an average of +5.9% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MDM Observatory Consortium Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within NH. Charities of a similar size with the same main cause include Schools for Salone ($669k), Hyde Park Institute ($669k) and Learning Center Preschool of Evergreen Ltd ($669k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 88% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.