Mrco Charities is located in Brentwood, TN. The organization was established in 2007. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mrco Charities is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Mrco Charities generated $54.4k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $45.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MRCO CHARITIES PROVIDED FINANCIAL SUPPORT TO VARIOUS YOUTH ORGANIZATIONS THROUGHOUT THE NASHVILLE, TN AREA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Farzin Ferdowsi Board Member | 0 | $0 | |
Homayoun Aminmadani Board Member | 0 | $0 | |
Michael Shahsavari Board Member | 0 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $54,363 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $9 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $54,372 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $735 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $30 |
Total expenses | $45,878 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $40,915 |
Other assets | $0 |
Total assets | $40,915 |
Total liabilities | $0 |
Net assets or fund balances | $40,915 |