Mc-1 Foundation

Analysis

Mc-1 Foundation is a registered charity in United States, based in Golden, CO. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Mc-1 Foundation reported income of $103k and spending of $87k, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $103k (+2.1%), an average of +2.1% a year. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mc-1 Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within CO. Charities of a similar size with the same main cause include Optimist Club Foundation of Clarkston Michigan ($103k), Veterans Assistance Office Inc ($103k) and Sad Bee Inc ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $123k against liabilities of $0, net assets of $123k.