Mfasc Inc

Analysis

Mfasc Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in November 1988, 38 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mfasc Inc reported income of $539k and spending of $591k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $519k to $539k (+3.9%), an average of +1.0% a year. Over the whole period it spent 110% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mfasc Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include A New Direction for Women and Men I NC ($539k), Mental Health America of North Dakota ($539k) and Brain Treatment Foundation Inc ($539k).

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 $209k against liabilities of $12k, net assets of $197k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.