MTFC Inc

Analysis

MTFC Inc is a registered charity in United States, based in Lakewood, WA. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, MTFC Inc reported income of $334k and spending of $336k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $259k to $334k (+29%), an average of +6.5% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 86% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, MTFC Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Somerville Youth Soccer League Inc ($334k), High Country Adaptive Sports ($334k) and Beverly Hills Fencers Club ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. Other salaries and wages came to $218k. At year end it held assets of $290k against liabilities of $2,424, net assets of $288k. It reported 4 employees.