MCF Supporting Organization Fund

Analysis

MCF Supporting Organization Fund is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in August 2006, 20 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, MCF Supporting Organization Fund reported income of $162k and spending of $279k, spending 172% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $292k to $162k (-44%), an average of -14% a year. The sharpest change came in the year to June 2020, when income rose by 250%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, MCF Supporting Organization Fund sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Association for Philosophical Studies of New York Inc ($162k), Torch Foundation ($162k) and Hfa Endowment Fund ($162k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 43% of the total. At year end it held assets of $4.4m against liabilities of $1.2m, net assets of $3.2m.