Money Management International Inc

Analysis

Money Management International Inc is a registered charity in United States, based in Stafford, TX. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Money Management International Inc reported income of $33.8m and spending of $44.4m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $41.5m to $33.8m (-19%), an average of -5.0% a year. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Money Management International Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include People of Faith Inc ($33.8m), The Arc of Essex County Inc ($33.8m) and Westminster-Canterbury of Winchester Inc ($33.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $2.7m (6.1% of expenses). Other salaries and wages came to $20.1m. At year end it held assets of $45.6m against liabilities of $17.7m, net assets of $27.9m. It reported 373 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.