Multi Cultural Center Inc

Analysis

Multi Cultural Center Inc is a registered charity in United States, based in Webster, TX. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Multi Cultural Center Inc reported income of $706k and spending of $691k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $485k to $706k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Multi Cultural Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Northeast Oregon Economic Development District ($706k), Bukharian Jewish Congregation of Briarwood ($706k) and Global Prison Seminaries Foundation Inc ($706k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% of the total. It paid $4,130 in professional fundraising fees. At year end it held assets of $5.1m against liabilities of $4.4m, net assets of $675k. It reported 1 employees.