MTVC Inc

Analysis

MTVC Inc is a registered charity in United States, based in Whiteford, MD. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, MTVC Inc reported income of $316k and spending of $347k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $220k to $316k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MTVC Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 62nd percentile within MD. Charities of a similar size with the same main cause include Student Government Association of Suny Potsdam ($315k), Capturing Kids Hearts Foundation ($316k) and Espoir Youth Programs Inc ($315k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $47k (13% of expenses). Other salaries and wages came to $212k. At year end it held assets of $99k against liabilities of $5,299, net assets of $94k. It reported 27 employees.