MRM North Campus Inc

Analysis

MRM North Campus Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 September 2023, MRM North Campus Inc reported income of $863k and spending of $1.1m, spending 127% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.3m to $863k (-33%), an average of -9.6% a year. The sharpest change came in the year to September 2020, when income dropped by 35%. Over the whole period it spent 112% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, MRM North Campus Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within WI. Charities of a similar size with the same main cause include Lawrenceville Development Corporation ($863k), Valley Shenango Economic Development Corporation ($863k) and Harbor Entrepreneur Center ($862k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. At year end it held assets of $18.8m against liabilities of $18.2m, net assets of $673k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.