Macedonia Family and Community Enrichment Center

Analysis

Macedonia Family and Community Enrichment Center is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in June 1962, 64 years ago. Its declared purposes cover community improvement and capacity building, 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 June 2023, Macedonia Family and Community Enrichment Center reported income of $3.8m and spending of $3.2m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $3.8m (+106%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 72%. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Macedonia Family and Community Enrichment Center sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Capitalize Albany Corporation ($3.8m), Well Coffeehouse ($3.8m) and Washington State Microenterprise Association ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $289k (8.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.1m against liabilities of $428k, net assets of $1.7m. It reported 49 employees.