Multi-Community Care and Homes Inc

Analysis

Multi-Community Care and Homes Inc is a registered charity in United States, based in Litchfield, MN. It received its IRS tax-exemption ruling in October 1978, 48 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 December 2023, Multi-Community Care and Homes Inc reported income of $2.5m and spending of $2.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $2.5m (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Multi-Community Care and Homes Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Brownstone School and Daycare Center Inc ($2.5m), Detroit Area Pre College Engineering Program Inc ($2.5m) and Burke United Christian Ministries ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $81k (3.2% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $1.1m against liabilities of $411k, net assets of $683k. It reported 92 employees.