Mactown Inc

Analysis

Mactown Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in January 1965, 61 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 June 2023, Mactown Inc reported income of $19.7m and spending of $14.5m, leaving 26% of income unspent that year. Across the 6 years on record, from June 2018 to June 2023, income grew from $11.6m to $19.7m (+70%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mactown Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Friendship Manor Inc ($19.7m), Lydia Home Association ($19.7m) and Galveston County Food Bank ($19.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 76% of the total. Other salaries and wages came to $8.8m. At year end it held assets of $5.6m against liabilities of $3.3m, net assets of $2.4m. It reported 396 employees.