MCC Community Development Corporation

Analysis

MCC Community Development Corporation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, MCC Community Development Corporation reported income of $136k and spending of $104k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $129k to $136k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2023, when income rose by 52%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, MCC Community Development Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Joshua Chamberlain Society ($136k), Center for Affirming Families Inc ($136k) and Isuochi Progressive Union of USA Inc ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% of the total. Compensation of current officers, directors and key employees was $12k (12% of expenses). At year end it held assets of $981k against liabilities of $660k, net assets of $321k.