MCT Endowment Corporation

Analysis

MCT Endowment Corporation is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in August 2023, 3 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, MCT Endowment Corporation reported income of $531k and spending of $237k, leaving 55% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $440k to $531k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 37% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, MCT Endowment Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include Childrens Health Guild ($531k), Friends of the Truman Foundation ($532k) and Koenig Childhood Cancer Foundation ($531k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $8.0m against liabilities of $0, net assets of $8.0m.