Multicultural Community Resource Center

Analysis

Multicultural Community Resource Center is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in April 1976, 50 years ago. 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 2023, Multicultural Community Resource Center reported income of $2.5m and spending of $2.4m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.5m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Multicultural Community Resource Center sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within PA. Charities of a similar size with the same main cause include St John Bosco Clinic Inc ($2.5m), Branch of Nashville Inc ($2.5m) and Leadership Education for Asian Pacific Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $129k (5.4% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $2.7m against liabilities of $51k, net assets of $2.6m. It reported 91 employees.