Mpaact

Analysis

Mpaact is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2024, Mpaact reported income of $130k and spending of $128k, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $106k to $130k (+22%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mpaact sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within IL. Charities of a similar size with the same main cause include Spectacular Folles ($130k), Cimarron Circuit Opera Company ($130k) and Dr Martin Luther King Jr Awards Dinner Committee Inc ($130k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 46% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.