M Street Center

Analysis

M Street Center is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 1993, 33 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, M Street Center reported income of $617k and spending of $902k, spending 146% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $947k to $617k (-35%), an average of -10% a year. The sharpest change came in the year to September 2022, when income dropped by 35%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, M Street Center sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 47th percentile within DC. Charities of a similar size with the same main cause include West Falmouth Library Incorporated ($617k), American Academic Leadership Institute Inc PMB 5334 ($617k) and St Coletta Day School of Milwaukee Inc ($617k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $176k (20% of expenses). Other salaries and wages came to $55k. At year end it held assets of $2.1m against liabilities of $123k, net assets of $2.0m. It reported 2 employees.