My Community Cares Inc

Analysis

My Community Cares Inc is a registered charity in United States, based in Cocoa, FL. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, My Community Cares Inc reported income of $718k and spending of $710k, spending 99% of its income. Across the 3 years on record, from December 2020 to December 2022, income grew from $446k to $718k (+61%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 28%. 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, My Community Cares Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Mindful Sead ($718k), Childrens Homes of Southern California ($718k) and The Fly Initiative ($718k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $331k. At year end it held assets of -$103k against liabilities of $0, net assets of -$103k. It reported 11 employees.