MSDC Inc

Analysis

MSDC Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, MSDC Inc reported income of $726k and spending of $724k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.2m to $726k (-40%), an average of -16% a year. The sharpest change came in the year to December 2020, when income dropped by 49%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, MSDC Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Wrote Inc ($726k), Run Vermont Inc ($727k) and Dress for Success Seattle ($726k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $68k (9.3% of expenses). Other salaries and wages came to $210k. At year end it held assets of $56k against liabilities of $2,479, net assets of $54k. It reported 12 employees.