MCT Inc

Analysis

MCT Inc is a registered charity in United States, based in Missoula, MT. It received its IRS tax-exemption ruling in March 1974, 52 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 May 2023, MCT Inc reported income of $5.0m and spending of $5.4m, spending 106% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income fell from $6.1m to $5.0m (-18%), an average of -4.8% a year. The sharpest change came in the year to May 2022, when income rose by 71%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, MCT Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within MT. Charities of a similar size with the same main cause include Greenwood School Inc ($5.0m), Global Citizens Public Charter School ($5.0m) and Arcadia Scottsdale United Soccer Club ($5.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $233k (4.4% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $5.2m against liabilities of $2.2m, net assets of $3.0m. It reported 248 employees.