MCCT Inc

Analysis

MCCT Inc is a registered charity in United States, based in Marshall, MI. It received its IRS tax-exemption ruling in July 2002, 24 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, MCCT Inc reported income of $462k and spending of $577k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $484k to $462k (-4.6%), an average of -1.2% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 117% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, MCCT Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include New Orleans Pharmacy Museum Ltd ($462k), Akron Creative Inc ($462k) and Dinsmore Homestead Foundation Inc ($462k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $66k (11% of expenses). Other salaries and wages came to $63k. At year end it held assets of $607k against liabilities of $153k, net assets of $454k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.