MDFT International Inc

Analysis

MDFT International Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, MDFT International Inc reported income of $2.1m and spending of $2.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.1m (+29%), an average of +6.7% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, MDFT International Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Community Services & Supports ($2.1m), Housing Opportunities for Persons with Exceptionalities Inc ($2.1m) and Cocoa Packs Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Compensation of current officers, directors and key employees was $616k (30% of expenses). Other salaries and wages came to $614k. At year end it held assets of $1.7m against liabilities of $22k, net assets of $1.7m. It reported 12 employees.