MSMC Realty Corporation

Analysis

MSMC Realty Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, MSMC Realty Corporation reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $1.4m (-44%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 100%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, MSMC Realty Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Downtown Glendale Association ($1.4m), CV Appalachian Cde Inc ($1.4m) and Community Work Services Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. At year end it held assets of $113.1m against liabilities of $108.1m, net assets of $5.0m.