Macir Inc

Analysis

Macir Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Macir Inc reported income of $218k and spending of $63k, leaving 71% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $218k (+176%), an average of +176% a year. The sharpest change came in the year to December 2023, when income rose by 176%. Over the whole period it spent 59% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Macir Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include 4 Circle Beyond Inc ($218k), Mode Music and Performing Arts ($218k) and Make Music Nola ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $12k (19% of expenses). At year end it held assets of $183k against liabilities of $0, net assets of $183k. It reported 2 employees.