Mdc Inc
501(c)(3) Donations tax-deductible
Only null% goes to programs Strong reserves Declining revenue
Mdc Inc is a 501(c)(3) organization based in Durham, North Carolina, registered in 1968, with $9,881,455 in FY2024 revenue. CharityIndex grades it B.
307 W Main St, Durham, NC, 27701 EIN 56-0894222 Since 1968
Revenue (FY2024)
$9.9M
▲ 200.8% vs prior year
Expenses (FY2024)
$8.2M
Net assets
$13.9M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mdc Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +17% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mdc Inc: 20 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mdc Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mdc Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 307 W Main St, Durham, NC, 27701
- City
- Durham
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Website
- …
Financial trends
Revenue grew from $4.2M (FY2014) to $9.9M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $645KNet assets $13.9M
Operating margin
16.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$14.6M
Total liabilities
$645K
Net assets
$13.9M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $9,881,455▲201% | $8,208,220▲2.4% | $13,935,090▲17.9% | $14,579,657▲12.3% | 990 |
| 2023 | $3,285,476▼58.2% | $8,015,838▲31.2% | $11,816,911▼27.4% | $12,983,649▼22.8% | 990 |
| 2022 | $7,864,295▼48.9% | $6,111,461▲10.1% | $16,265,547▲21.2% | $16,821,754▲9.4% | 990 |
| 2021 | $15,380,803▲194% | $5,551,859▲67.6% | $13,419,665▲254% | $15,379,560▲246% | 990 |
| 2020 | $5,223,210▲91.3% | $3,312,281▼4.5% | $3,794,017▲110% | $4,444,816▲75.5% | 990 |
| 2019 | $2,729,932▼36.4% | $3,470,043▲11.8% | $1,806,855▼32.2% | $2,532,000▼13.7% | 990 |
| 2018 | $4,290,372▲57.6% | $3,104,838▼14.7% | $2,663,019▲56.7% | $2,933,343▲43.8% | 990 |
| 2017 | $2,721,905▲0.6% | $3,638,660▼1.1% | $1,699,940▼35.5% | $2,040,080▼29.6% | 990 |
| 2016 | $2,704,926▼34.1% | $3,678,695▼5.2% | $2,633,825▼24.8% | $2,899,233▼28.3% | 990 |
| 2015 | $4,105,334▼1.9% | $3,881,596▼7.0% | $3,504,084▲5.5% | $4,041,549▼1.3% | 990 |
| 2014 | $4,183,155 | $4,172,924 | $3,320,549 | $4,095,852 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $9.3M total
33 grants to Mdc Inc totaling $9.3M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Windward Fund | Environmental programs | 2024 | $500,000 |
| Arizona Community Foundation | The purpose of this grant is to raise awareness of the direct file program in north carolina among low-income tax payers | 2024 | $50,000 |
| Coastal Community Foundation of South Carolina Inc | Philanthropy | 2024 | $10,000 |
| The Aspen Institute Inc | Community strategies group (csg) 2023 rare and trale honorarium | 2023 | $5,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $5,100 |
| North Carolina Community Foundation Inc | Public & societal benefit | 2022 | $125,000 |
| Jobs For the Future Inc | Walmart community of inquiry/racial equity project- wre project | 2022 | $10,000 |
| The Aspen Institute Inc | Honorarium for participation in thrive rural roundtable on advancing rural equity | 2022 | $5,250 |
| National Philanthropic Tr | Human services | 2021 | $7,000,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2020 | $483,266 |
| Foundation For the Carolinas | Charitable gift | 2020 | $15,000 |
| A J Fletcher Foundation | End poverty durham project | 2020 | $7,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $201,250 |
| The Community Foundation of Greater Birmingham | General support | 2019 | $60,000 |
| Foundation For the Carolinas | Charitable gift | 2019 | $25,000 |
Frequently asked questions
- Is Mdc Inc a legitimate nonprofit?
- Yes. Mdc Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 56-0894222, based in Durham, North Carolina. Donations are tax-deductible.
- What is Mdc Inc's EIN?
- Mdc Inc's Employer Identification Number (EIN) is 56-0894222.
- How much revenue does Mdc Inc report?
- Mdc Inc reported $9,881,455 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Mdc Inc have?
- CharityIndex grades Mdc Inc B, based on financial health (reserves and operating margin).
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Explore more
Data for Mdc Inc (EIN 56-0894222) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.