Multicultural AIDS Coalition Inc

Analysis

Multicultural AIDS Coalition Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Multicultural AIDS Coalition Inc reported income of $3.0m and spending of $3.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $3.0m (+118%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 86%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Multicultural AIDS Coalition Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include East Asian Observatory ($3.0m), American Museum in Bath ($3.0m) and Electri International the Foundation for Electrical ($3.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $285k (9.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.4m against liabilities of $548k, net assets of $871k. It reported 35 employees.