MCF Gift Fund Inc

Analysis

MCF Gift Fund Inc is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in November 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, MCF Gift Fund Inc reported income of $735k and spending of $7.3m, spending 993% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $735k (-34%), an average of -9.8% a year. The sharpest change came in the year to June 2020, when income rose by 1325%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, MCF Gift Fund Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include American Friends of Ayelet Hashachar ($735k), Saint John of the Cross Teacher Recognition Trust ($736k) and Environmental Health Trust ($734k).

At year end it held assets of $24.0m against liabilities of $4.4m, net assets of $19.6m.