The Multicultural Center of Marin Inc

Analysis

The Multicultural Center of Marin Inc is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, The Multicultural Center of Marin Inc reported income of $2.3m and spending of $2.4m, spending 105% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.2m to $2.3m (+83%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 64%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Multicultural Center of Marin Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Huffer Memorial Childrens Center Inc ($2.3m), Providers Network Inc ($2.3m) and The Hopkinsville Family Young Mens Christian Association Inc ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $119k (5.0% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $767k against liabilities of $6,464, net assets of $761k. It reported 32 employees.