Mec Fund Inc

Analysis

Mec Fund Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Mec Fund Inc reported income of $1.4m and spending of $1.5m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $317k to $1.4m (+334%), an average of +44% a year. The sharpest change came in the year to December 2022, when income rose by 199%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mec Fund Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Turning Point Ministries ($1.4m), Wesley Pines Conference Retreat & Camping Center ($1.4m) and Chabad at the University of Wisconsin Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $53k in professional fundraising fees. At year end it held assets of $66k against liabilities of $0, net assets of $66k.