Multicultural Coalition Inc

Analysis

Multicultural Coalition Inc is a registered charity in United States, based in Menasha, WI. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Multicultural Coalition Inc reported income of $444k and spending of $413k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $309k to $444k (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Multicultural Coalition Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include Anna Economic Development Corporation ($444k), Georgia City-County Management Association Inc ($444k) and Bloomfieldavenue-Lowerbroadwaybid Inc ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $32k (7.7% of expenses). Other salaries and wages came to $154k. At year end it held assets of $95k against liabilities of $60k, net assets of $35k. It reported 5 employees.