Multicultural Family Center

Analysis

Multicultural Family Center is a registered charity in United States, based in Sherman, TX. It received its IRS tax-exemption ruling in December 1991, 35 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Multicultural Family Center reported income of $302k and spending of $280k, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $92k to $302k (+229%), an average of +49% a year. The sharpest change came in the year to December 2021, when income rose by 76%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Multicultural Family Center sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Slo4home Inc ($302k), Utahns Against Hunger ($302k) and Iglesia de Dios Manantiales de Vida Eterna Inc ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Other salaries and wages came to $163k. At year end it held assets of $55k against liabilities of $3,530, net assets of $51k. It reported 7 employees.