MRC Industries Incorporated

Analysis

MRC Industries Incorporated is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in May 1970, 56 years ago. Its declared purposes cover employment, 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 September 2023, MRC Industries Incorporated reported income of $4.2m and spending of $4.4m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.8m to $4.2m (+10.0%), an average of +2.4% a year. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, MRC Industries Incorporated sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Anne Arundel County Community Action Agency Inc ($4.2m), Learning Opportunities-Quality Works Inc ($4.2m) and Work Opportunity Center Inc ($4.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 10% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $246k (5.6% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $6.4m against liabilities of $276k, net assets of $6.1m. It reported 137 employees.