Multicultural Institute

Analysis

Multicultural Institute is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in July 1997, 29 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 June 2023, Multicultural Institute reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $915k to $1.2m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2020, when income rose by 16%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Multicultural Institute 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 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Nurturely ($1.2m), Learning Gate an Association of Child Care Centers Inc ($1.2m) and A Healthy House Within a Match Coalition ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $101k (8.9% of expenses). Other salaries and wages came to $541k. At year end it held assets of $1.6m against liabilities of $494k, net assets of $1.1m. It reported 25 employees.