MRCS V Inc

Analysis

MRCS V Inc is a registered charity in United States, based in Brookville, NY. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, MRCS V Inc reported income of $160k and spending of $178k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $156k to $160k (+2.5%), an average of +0.6% a year. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, MRCS V Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Engera Inc ($160k), Orphan Aid Society ($160k) and Food for Thought Toledo Inc ($160k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 56% of the total. At year end it held assets of $2.6m against liabilities of $1.3m, net assets of $1.4m.

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.