Mac Incorporated

Analysis

Mac Incorporated is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in August 1982, 44 years ago. 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 June 2023, Mac Incorporated reported income of $8.8m and spending of $7.2m, spending 82% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.6m to $8.8m (+34%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mac Incorporated sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include Village Missions ($8.8m), RFS Charitable Foundation ($8.8m) and Metropolitan Lutheran Ministry ($8.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $173k (2.4% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $12.5m against liabilities of $985k, net assets of $11.5m. It reported 119 employees.