Mlac Inc

Analysis

Mlac Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 1991, 35 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 August 2024, Mlac Inc reported income of $594k and spending of $608k, spending 102% of its income. Across the 6 years on record, from August 2019 to August 2024, income fell from $647k to $594k (-8.1%), an average of -1.7% a year. The sharpest change came in the year to August 2022, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mlac Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include Molokai Community Service Council Inc ($594k), Burbank Housing S R Corporation ($594k) and Fairbanks Library Foundation ($594k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 1.8% and program service revenue 97% of the total. Other salaries and wages came to $377k. At year end it held assets of $427k against liabilities of $0, net assets of $427k. It reported 96 employees.