MMC Corporation

Analysis

MMC Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in January 1986, 40 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, MMC Corporation reported income of $8.3m and spending of $7.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $11.0m to $8.3m (-25%), an average of -6.8% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, MMC Corporation 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 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include York County Library System ($8.3m), Interfaith Works of Central New York Inc ($8.3m) and Door of Hope ($8.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $85.9m against liabilities of $60.5m, net assets of $25.5m.