MV Advancements

Analysis

MV Advancements is a registered charity in United States, based in McMinnville, OR. It received its IRS tax-exemption ruling in December 1966, 60 years ago. 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 2024, MV Advancements reported income of $8.8m and spending of $7.9m, spending 90% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.7m to $8.8m (+31%), an average of +7.0% a year. The sharpest change came in the year to June 2023, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, MV Advancements sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within OR. Charities of a similar size with the same main cause include Little Servant Sisters ($8.8m), Joint Journeymen & Apprentice ($8.8m) and Wentworth Senior Living ($8.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $142k (1.8% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $12.9m against liabilities of $2.5m, net assets of $10.4m. It reported 257 employees.