MCGP Foundation Inc

Analysis

MCGP Foundation Inc is a registered charity in United States, based in Princeton JCT, NJ. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, MCGP Foundation Inc reported income of $2.0m and spending of $330k, leaving 83% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.0m (+50%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 316%. Over the whole period it spent 35% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, MCGP Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Bosnian Educational and Cultural Center of America ($2.0m), Hope Builders International ($2.0m) and St Francis Mission ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $20k. At year end it held assets of $15.7m against liabilities of $2.2m, net assets of $13.5m. It reported 1 employees.