Multilateral Endowment Management Company

Analysis

Multilateral Endowment Management Company is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Multilateral Endowment Management Company reported income of $2.4m and spending of $2.8m, spending 118% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.9m to $2.4m (+29%), an average of +8.8% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Multilateral Endowment Management Company 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 89th percentile within OK. Charities of a similar size with the same main cause include Destiny High School ($2.4m), Kings Christian School Inc ($2.4m) and Boilermakers Local 549 Apprenticeship and Training Fund ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $1.0m (37% of expenses). Other salaries and wages came to $781k. At year end it held assets of $2.0m against liabilities of $2.0m, net assets of $0. It reported 8 employees.