MRFC Inc

Analysis

MRFC Inc is a registered charity in United States, based in Redwood City, CA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 2023, MRFC Inc reported income of $62k and spending of $64k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $84k to $62k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, MRFC Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within CA. Charities of a similar size with the same main cause include Finneytown Athletic Association Inc ($62k), Adriondack Football League Inc ($62k) and Washington State Tae Kwon Do Founda ($62k).

At year end it held assets of $91k against liabilities of $0, net assets of $91k.