MDRC

Analysis

MDRC is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 1974, 52 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 December 2023, MDRC reported income of $83.9m and spending of $85.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $71.7m to $83.9m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, MDRC sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Society of Manufacturing Engineers ($83.7m), Goodwill Keystone Area ($84.7m) and Grameen America Inc ($83.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $1.9m (2.2% of expenses). Other salaries and wages came to $33.3m. At year end it held assets of $169.6m against liabilities of $73.7m, net assets of $95.9m. It reported 399 employees.