MIT Club of Northern California

Analysis

MIT Club of Northern California is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in April 1979, 47 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 July 2023, MIT Club of Northern California reported income of $145k and spending of $215k, spending 148% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $369k to $145k (-61%), an average of -21% a year. The sharpest change came in the year to July 2021, when income dropped by 70%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, MIT Club of Northern California sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Mesabi Range College Foundation ($145k), India Association of Virginia and Vcu ($145k) and We Ministries ($145k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $435k against liabilities of $500, net assets of $435k.