M a I C O

Analysis

M a I C O is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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 2023, M a I C O reported income of $88k and spending of $84k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $88k (+1.4%), an average of +1.4% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, M a I C O sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within WI. Charities of a similar size with the same main cause include League of Women Voters of Arizona Education Fund ($88k), Emergency Nurses Association ($88k) and LTN Love Thy Neighbor Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $61k against liabilities of $804, net assets of $60k.