Mc2 Technology Inc

Analysis

Mc2 Technology Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2022, Mc2 Technology Inc reported income of $60k and spending of $60k, spending 100% of its income. Across the 2 years on record, from December 2021 to December 2022, income fell from $108k to $60k (-44%), an average of -44% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Mc2 Technology Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within CT. Charities of a similar size with the same main cause include Illuminate STEM ($60k), Alaska State Elks Major Project ($60k) and Fight for Me Inc ($60k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $2 against liabilities of $1, net assets of $1.