MPC Endowment Ltd

Analysis

MPC Endowment Ltd is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in June 1974, 52 years ago. 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, MPC Endowment Ltd reported income of $66k and spending of $57k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $56k to $66k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, MPC Endowment Ltd sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 23rd percentile within WI. Charities of a similar size with the same main cause include Los Angeles Center for Economic Survival ($66k), Friends of the Tewksbury Public Library Inc ($66k) and The Redbone Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 80% of the total. At year end it held assets of $499k against liabilities of $0, net assets of $499k.