Mt Vernon Koc Club Inc

Analysis

Mt Vernon Koc Club Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in December 1980, 46 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Mt Vernon Koc Club Inc reported income of $621k and spending of $484k, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $158k to $621k (+292%), an average of +58% a year. The sharpest change came in the year to June 2021, when income rose by 225%. Over the whole period it spent 81% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mt Vernon Koc Club Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within VA. Charities of a similar size with the same main cause include United Way of Tuscarawas County Inc ($620k), Parliamentary Intelligence - Security Forum Inc ($621k) and Gifts for All Gods Children ($620k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% of the total. Compensation of current officers, directors and key employees was $22k (4.5% of expenses). At year end it held assets of $1.3m against liabilities of $43k, net assets of $1.2m. It reported 17 employees.