McE Social Capital

Analysis

McE Social Capital is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 2006, 20 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 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, McE Social Capital reported income of $6.7m and spending of $7.7m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.9m to $6.7m (-2.8%), an average of -0.7% a year. The sharpest change came in the year to December 2022, when income rose by 89%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, McE Social Capital 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 93rd percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Reflections of Trinity Inc ($6.7m), Midwest Minnesota Community Development Corporation ($6.7m) and Warren and Forest Counties Economic Opportunity Council ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $1.0m (13% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $92.3m against liabilities of $84.5m, net assets of $7.8m. It reported 16 employees.