Machik Corp

Analysis

Machik Corp is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in July 2002, 24 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, Machik Corp reported income of $302k and spending of $287k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $418k to $302k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Machik Corp sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 36th percentile within DC. Charities of a similar size with the same main cause include Early Childhood University ($302k), Academy for International School Heads ($302k) and Central Gulf Coast CDF Freedom Schools ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $67k (23% of expenses). Other salaries and wages came to $50k. At year end it held assets of $984k against liabilities of $17k, net assets of $967k. It reported 2 employees.