Mark Seven Deaf Foundation Inc

Analysis

Mark Seven Deaf Foundation Inc is a registered charity in United States, based in Old Forge, NY. It received its IRS tax-exemption ruling in September 1992, 34 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 December 2023, Mark Seven Deaf Foundation Inc reported income of $935k and spending of $499k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $694k to $935k (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2023, when income rose by 130%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mark Seven Deaf Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Trinity Ministries Inc ($935k), Tri-Cities Historical Museum Inc ($935k) and Waynesboro Community & Human Services Inc ($935k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $16k (3.3% of expenses). Other salaries and wages came to $112k. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m. It reported 52 employees.