MP Santa Clara Inc

Analysis

MP Santa Clara Inc is a registered charity in United States, based in Foster City, CA. It received its IRS tax-exemption ruling in May 2001, 25 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, MP Santa Clara Inc reported income of $149k and spending of $886k, spending 595% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $250k to $149k (-41%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 24%. Over the whole period it spent 474% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, MP Santa Clara Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Caldwell-Lyon Partnership Inc ($149k), Laguna Community Foundation ($149k) and Happily Natural Day ($149k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $6.0m against liabilities of $9.7m, net assets of -$3.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.