MCC Foundation Inc

Analysis

MCC Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 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 (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, MCC Foundation Inc reported income of $800k and spending of $963k, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $385k to $800k (+108%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 286%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, MCC Foundation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Heartwood Montessori School - Northeast ($800k), Berkshire Grown Inc ($801k) and Urban School Food Alliance Inc ($800k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 119% of the total. Other salaries and wages came to $75k. At year end it held assets of $169k against liabilities of $4,765, net assets of $164k.