Mdrc
81% goes to programs $0 to raise $100 Strong reserves
Mdrc is a 501(c)(3) organization based in New York, New York, registered in 1974, with $89,342,277 in FY2024 revenue. CharityIndex grades it A, and it directs about 81% of spending to programs.
200 Vesey St Fl 23, New York, NY, 10281 EIN 23-7379473 Since 1974
Revenue (FY2024)
$89.3M
▲ 6.4% vs prior year
Employment median: $367K
Expenses (FY2024)
$93.9M
Net assets
$92.0M
Employees
361
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating81% to programs · $0 to raise $100
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. For Mdrc: 81% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating12 mo reserves · -5% 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 Mdrc: 12 mo reserves · -5% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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. For Mdrc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Mdrc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Mdrc is dedicated to improving the well-being of low-income people. (see schedule o) through our research, we seek to enhance the effectiveness of social policies & programs that affect the poor.
What they do
Family well-being and child developmentfor decades, mdrc has been a leader in developing and studying interventions to improve outcomes for children living in families with low incomes. our current work in this area focuses on two main domains: early care and education (ece) systems and family-focused service systems. in early care and education, we've worked with practitioners to develop and test interventions to improve classroom quality, curriculum and professional development, math interventions and supports, early childhood assessments, and p-3 alignmentas well as studied ways to support and build the ece workforce. (see schedule o)family well-being and child development (continued):in family-focused services, mdrc has been evaluating various home visiting models and has been a leader in cocreating and studying services in fatherhood programs.
K-12 educationfor 25 years, mdrc has been learning what may be most effective to raise the academic achievement of young people who are at risk of failing. we collaborate with public school systems, charter organizations, and national nonprofits to evaluate their programs and to use that information to help them develop evidence-based strategies for continuous program improvement.
Economic mobility, housing, and communitieslong regarded as the premier investigator of policies to improve the lives of families participating in public benefits programs, mdrc has brought its program development skills and reputation for methodological rigor to the challenge of learning how best to improve the economic health of workers and communities. the concentration of poverty and an associated lack of access to good jobs, affordable housing, quality goods and services, and economic and political resources presents special challenges for improving the prospects of residents of neighborhoods with high poverty rates. mdrc has evaluated a number of "place-based" projects that addressed urban poverty and joblessness. we are also evaluating a number of housing choice voucher reforms, helping to improve the nation's principal housing assistance programs.
Contact & location
- Address
- 200 Vesey St Fl 23, New York, NY, 10281
- City
- New York
- State
- New York
- Category
- Employment
- Subcategory
- Employment Preparation & Placement
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $75.1M (FY2013) to $89.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $65.2MNet assets $92.0M
Operating margin
-5.1%
Spent more than it raised in the latest fiscal year.
Total assets
$157.2M
Total liabilities
$65.2M
Net assets
$92.0M
Salaries & benefits
$48.0M
51% of expenses
Board members
17
17 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $89,342,277▲6.4% | $93,933,340▲10.5% | $92,027,070▼4.0% | $157,204,286▼7.3% | 990 |
| 2023 | $83,947,862▲1.4% | $84,999,059▼0.9% | $95,909,255▲4.7% | $169,599,344▲3.7% | 990 |
| 2022 | $82,765,389▼11.1% | $85,740,416▲14.2% | $91,638,727▼13.8% | $163,594,084▲13.7% | 990 |
| 2021 | $93,136,568▲42.0% | $75,092,277▲13.7% | $106,282,262▲25.4% | $143,919,606▲21.4% | 990 |
| 2020 | $65,579,736▼8.5% | $66,026,292▼9.7% | $84,770,846▲5.1% | $118,549,591▲5.3% | 990 |
| 2019 | $71,668,212▲3.2% | $73,087,851▲1.0% | $80,641,987▲7.0% | $112,554,344▲10.6% | 990 |
| 2018 | $69,436,374▲5.3% | $72,361,932▼2.6% | $75,376,423▼6.9% | $101,779,979▲0.5% | 990 |
| 2017 | $65,954,267▲3.0% | $74,271,080▼13.8% | $80,979,636▼5.0% | $101,295,132▼1.5% | 990 |
| 2016 | $64,020,197▼28.6% | $86,178,461▼6.7% | $85,234,061▼19.7% | $102,856,766▼15.4% | 990 |
| 2015 | $89,646,495▼16.0% | $92,378,938▲16.6% | $106,079,629▼4.1% | $121,599,657▼10.5% | 990 |
| 2014 | $106,668,794▲42.0% | $79,241,064▲10.6% | $110,561,890▲33.5% | $135,809,694▲31.7% | 990 |
| 2013 | $75,132,571 | $71,678,038▲13.5% | $82,829,217▲7.6% | $103,145,080▲14.5% | 990 |
| 2012 | — | $63,158,344▲13.4% | $76,955,508▼0.9% | $90,045,462▲4.7% | 990 |
| 2011 | — | $55,695,488▼18.4% | $77,686,960▼2.4% | $85,982,863▼0.7% | 990 |
| 2010 | — | $68,224,663 | $79,579,485 | $86,597,703 | 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.
Leadership & compensation (FY2024)
Highest-paid: Virginia W Knox — $646,301 (0.69% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Virginia W Knox | President | 40 | $646,301 |
| Jesus M Amadeo | Sr. Vice President & Cfo | 40 | $497,884 |
| Dan J Bloom - Sr Vice Pres | Dir., Policy, Research & E | 40 | $318,947 |
| Charles Michalopoulos | Chief Economist | 40 | $273,830 |
| James A Riccio | Principal Research Fellow | 40 | $267,817 |
| Rose Kob | Vice President & Gen Counsel | 40 | $265,174 |
| John Martinez | Vice President & Dir. Prog | 40 | $264,564 |
| John Hutchins | Chief Communications Offic | 40 | $259,495 |
| Patricia Weiss | Hr Director | 40 | $254,320 |
| Kate Gualtieri | Chief of Staff | 40 | $251,155 |
| Aoifinn Devitt | Director | 1 | — |
| Bridget Terry Long | Director/chair | 1 | — |
| Candice C Jones | Director (beg 07/24) | 1 | — |
| Cynthia Osborne | Director (beg 09/24) | 1 | — |
| Eloy Ortiz Oakley | Director | 1 | — |
| Hilary Hoynes | Director | 1 | — |
| John B King Jr | Director | 1 | — |
| Josh B Mcgee | Director | 1 | — |
| Lawrence Katz | Director | 1 | — |
| Melissa S Kearney | Director | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Khan Academy Inc | Research Subcontract | $3,307,891 |
| Regents of the University of Minnesota | Research Subcontract | $2,485,092 |
| Mef Associates | Research Subcontract | $2,426,037 |
| Abt Global LLC | Research Subcontract | $1,743,146 |
| Abt Associates Inc | Research Subcontract | $1,513,660 |
Grants received · $100.2M total
84 grants to Mdrc totaling $100.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Ascendium Education Solutions Inc | Grant, strengthen and scale multiple measures assessment implementation grant, examining faculty decision-making in course equivalency and transfer grant, learning partner for future sectoral training evidence-building initiative grant, travel grant - national institute for the study of transfer students grant, sectoral training evidence-building initiative grant, building & applying strong evidence about postsecondary success & economic mobility | 2024 | $7,363,369 |
| Rockefeller Philanthropy Advisors Inc | Education, youth development | 2024 | $365,502 |
| Urban Institute | Grant sub-award | 2024 | $304,424 |
| Robin Hood Foundation | Poverty relief | 2024 | $200,000 |
| Digital Promise Global | Subaward | 2024 | $62,459 |
| University of Chicago | Subaward | 2023 | $8,121,346 |
| Blue Meridian Partners Inc | To support education investments | 2023 | $1,000,000 |
| Ascendium Education Solutions Inc | Examining faculty decision-making in course equivalency and transfer strengthen and scale multiple measures assessment implementation | 2023 | $935,700 |
| Ecmc Foundation | Program support | 2023 | $750,000 |
| Axim Collaborative Inc | Grant | 2023 | $500,000 |
| Robin Hood Foundation | Poverty relief | 2023 | $210,000 |
| Digital Promise Global | Subaward under the ed/united 2 read project | 2023 | $188,856 |
| Urban Institute | Grant sub-award | 2023 | $91,413 |
| Cornell University | Research | 2023 | $22,894 |
| Ascendium Education Solutions Inc | Grant, capitalizing on federal momentum to advance postsecondary student success grant, on the path to a degree (onpath) grant, strengthen and scale multiple measures assessment implementation grant, building & applying strong evidence about postsecondary success & economic mobility | 2022 | $3,855,800 |
Grants made · $720K in FY2024
6 grants totaling $720K in FY2024. All grants made by Mdrc →
| Recipient | Purpose | Amount |
|---|---|---|
| Impact For Equity Inc | Restricted purpose a | $384,903 |
| Ascend Stl Inc | Restricted purpose a | $289,000 |
| Childrens Home & Aid Society of Illinois | Restricted purpose a | $20,000 |
| Hudson County Community College | Restricted purpose a | $10,000 |
| Northeastern Junior College | Restricted purpose a | $10,000 |
| Lindsay Unified School District | Restricted purpose a | $6,000 |
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Compare Mdrc
Frequently asked questions
- Is Mdrc a legitimate nonprofit?
- Yes. Mdrc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7379473, based in New York, New York. Donations are tax-deductible.
- What is Mdrc's EIN?
- Mdrc's Employer Identification Number (EIN) is 23-7379473.
- How much revenue does Mdrc report?
- Mdrc reported $89,342,277 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mdrc's spending goes to programs?
- Mdrc spends about 81% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mdrc have?
- CharityIndex grades Mdrc A, based on program efficiency and fundraising cost.
- How much does Mdrc's highest-paid employee make?
- The highest reported compensation on Mdrc's latest Form 990 is $646,301, paid to Virginia W Knox (President).
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Data for Mdrc (EIN 23-7379473) 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.