Multi-Cultural Development Center

Analysis

Multi-Cultural Development Center is a registered charity in United States, based in Bossier City, LA. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover human services, 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, Multi-Cultural Development Center reported income of $1.3m and spending of $1.0m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $808k to $1.3m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 67% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Multi-Cultural Development Center sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within LA. Charities of a similar size with the same main cause include Advocate Safehouse Project ($1.3m), Farmworkers Coordinating Council of Palm Beach County Inc ($1.3m) and Deafway Global ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $733k. At year end it held assets of $992k against liabilities of $1.5m, net assets of -$488k. It reported 45 employees.