MCC Foundation Inc

Analysis

MCC Foundation Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, MCC Foundation Inc reported income of $567k and spending of $624k, spending 110% of what it took in. Across the 2 years on record, from June 2021 to June 2024, income grew from $285k to $567k (+99%), an average of +99% a year. The sharpest change came in the year to June 2024, when income rose by 99%. Over the whole period it spent 128% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, MCC Foundation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 67th percentile within DE. Charities of a similar size with the same main cause include Ukrainian American House ($567k), Good Samaritan Center of Excelsior Springs ($567k) and Mohanji Foundation Inc ($567k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.0% of the total. At year end it held assets of $6.6m against liabilities of $125k, net assets of $6.5m.