MC Markets Inc

Analysis

MC Markets Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 2020, 6 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, MC Markets Inc reported income of $128k and spending of $546k, spending 427% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.6m to $128k (-92%), an average of -57% a year. The sharpest change came in the year to June 2021, when income dropped by 94%. Over the whole period it spent 121% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MC Markets Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 47th percentile within FL. Charities of a similar size with the same main cause include Huaxia Chinese School a New Jersey Nonprofit Corporation ($128k), Clatskanie Farmer Collective Inc ($128k) and Boston Blockchain Association Inc ($128k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $9.8m against liabilities of $10.2m, net assets of -$405k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.