Mrcharity Inc

Analysis

Mrcharity Inc is a registered charity in United States, based in Greenville, NC. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Mrcharity Inc reported income of $9.5m and spending of $8.6m, spending 91% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $469k to $9.5m (+1928%), an average of +173% a year. The sharpest change came in the year to December 2021, when income rose by 499%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mrcharity Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NC. Charities of a similar size with the same main cause include Advo Companies Inc ($9.5m), Self---Support for Early Learning & Families ($9.5m) and Lee Foundation for Civic Leadership Inc ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $97k (1.1% of expenses). Other salaries and wages came to $778k. At year end it held assets of $2.8m against liabilities of $326k, net assets of $2.5m. It reported 20 employees.