MRCC Foundation Inc

Analysis

MRCC Foundation Inc is a registered charity in United States, based in West Caldwell, NJ. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, MRCC Foundation Inc reported income of $238k and spending of $154k, leaving 35% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $221k to $238k (+7.5%), an average of +3.7% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MRCC Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 64th percentile within NJ. Charities of a similar size with the same main cause include Association for International Credential Evaluation Professional ($238k), Homeschool Sportsnet Incorporated ($238k) and Massachusetts Organization of Educational Collaboratives ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $3,000. At year end it held assets of $264k against liabilities of $0, net assets of $264k.