Multicultural Career Intern Program

Analysis

Multicultural Career Intern Program is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 1982, 44 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Multicultural Career Intern Program reported income of $2.4m and spending of $2.5m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.2m to $2.4m (+10%), an average of +2.5% a year. The sharpest change came in the year to September 2022, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Multicultural Career Intern Program sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 69th percentile within DC. Charities of a similar size with the same main cause include Educational and Research Foundation for the American Academy of Facial ($2.4m), Board of Trustee of the Ida Rupp Public Library ($2.4m) and Lutheran Foundation of New Jersey Inc ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 2.1% of the total. Compensation of current officers, directors and key employees was $184k (7.5% of expenses). Other salaries and wages came to $822k. At year end it held assets of $1.4m against liabilities of $393k, net assets of $1.0m. It reported 25 employees.