MMC Foundation Inc

Analysis

MMC Foundation Inc is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in September 2020, 6 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 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 2023, MMC Foundation Inc reported income of $66k and spending of $37k, leaving 44% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $69k to $66k (-5.3%), an average of -5.3% a year. Over the whole period it spent 52% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, MMC Foundation Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within TN. Charities of a similar size with the same main cause include Delivering Better Lives Charitable Foundation ($66k), Theodore a Opdenaker Foundation ($66k) and Teazey Foundation Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.