MNC 1240 Valencia Inc

Analysis

MNC 1240 Valencia Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, MNC 1240 Valencia Inc reported income of $369k and spending of $425k, spending 115% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $191k to $369k (+94%), an average of +39% a year. The sharpest change came in the year to June 2022, when income rose by 91%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, MNC 1240 Valencia Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Pop Warner Little Scholars Inc ($369k), Imagine Academy LLC ($369k) and The Foundation for the Boys & Girls Clubs Inc ($369k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $11.3m against liabilities of $11.2m, net assets of $87k.