MDC Inc

Analysis

MDC Inc is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in May 1968, 58 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 June 2023, MDC Inc reported income of $7.9m and spending of $6.1m, leaving 22% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.7m to $7.9m (+188%), an average of +42% a year. The sharpest change came in the year to June 2022, when income rose by 194%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, MDC Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Hispanic Unity of Florida Inc ($7.9m), Perea Elementary School ($7.9m) and Lodi Memorial Hospital Foundation Inc ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $489k (8.0% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $16.8m against liabilities of $556k, net assets of $16.3m. It reported 57 employees.