Mechanical Contracting Foundation Inc

Analysis

Mechanical Contracting Foundation Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in July 1990, 36 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, Mechanical Contracting Foundation Inc reported income of $2.0m and spending of $753k, leaving 62% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $888k to $2.0m (+126%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 380%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mechanical Contracting Foundation Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MD. Charities of a similar size with the same main cause include New Orleans Speech & Hearing Center ($2.0m), Best Christmas Ever Inc ($2.0m) and Access to Independence of San Diego Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $15.1m against liabilities of $25k, net assets of $15.1m.