Mastrofrancesco AFC Inc

Analysis

Mastrofrancesco AFC Inc is a registered charity in United States, based in Dearborn, MI. It received its IRS tax-exemption ruling in July 1982, 44 years ago. 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, Mastrofrancesco AFC Inc reported income of $4.1m and spending of $4.3m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.5m to $4.1m (+16%), an average of +3.8% a year. The sharpest change came in the year to September 2021, when income rose by 25%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mastrofrancesco AFC Inc 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 Pines Educational Assistance Corporation ($4.1m), Central Christian Schools ($4.1m) and Communities in Schools of Washington State ($4.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 83% of the total. Other salaries and wages came to $3.1m. At year end it held assets of $1.5m against liabilities of $474k, net assets of $1.0m. It reported 100 employees.