Mdrc EIN 23-7379473

Mdrc

EIN  23-7379473 Public charity (501(c)(3)) New York, NY Founded 1974
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/7/26 · see original filing: IRS
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Size
$10–100M
What they do
Conducts rigorous social policy research and evaluations to help schools and public programs improve the well-being and academic achievement of low-income individuals.
Leadership
Virginia W Knox · President · $578K
Money in and out
$89.3M revenue, $93.9M expenses
Bottom line
-5% surplus margin

Conducts rigorous social policy research and evaluations to help schools and public programs improve the well-being and academic achievement of low-income individuals. For fiscal year 2024 it reported $89.3M in revenue, $93.9M in expenses, and $92.0M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$89.3M
Pt VIII · Ln 12
Total expenses
$93.9M
Pt IX · Ln 25
Net assets
$92.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4.6M
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.19 Fundraising $0.00
Surplus margin
-5%
revenue over expenses, this year▼ -310% vs prior filing year
Revenue trend
+8%
avg. annual growth over 5 years
Donor-funded
94%
of revenue is gifts & grants▼ -2% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$89.3M
FY2024▲ +6%
Expenses
$93.9M
FY2024▲ +11%
Total assets
$157.2M
FY2024▼ -7%
Total liabilities
$65.2M
FY2024▼ -12%
Total revenue
$89.3M
Pt VIII · Ln 12
Total expenses
$93.9M
Pt IX · Ln 25
Net assets
$92.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4.6M
Total assetsPt X · Ln 16$157.2M
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 3pending
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $41.8M of program spending, described in the organization's own filed words · FY2023.
01

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.

$15.6Mprogram expense
02

Youth development, criminal justice, and employmentmdrc is testing tailored interventions for young people disconnected from the worlds of school and work, young people and adults at risk of entering the criminal justice system, returning citizens reentering their communities, and people with work-limiting disabilities.

$15.3Mprogram expense
03

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…

$10.9Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMdrc
EINHdr · item D23-7379473
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.mdrc.org
Year of formationHdr · item L1974
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEmployment (J200)
Ruling yearIRS BMFJul 1974

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$577,629Pt VII · Sec A
SR. Vice President & CFO
$474,585Pt VII · Sec A
Dir., Policy, Research & Eval. Dept.
$305,331Pt VII · Sec A
Chief Economist
$264,924Pt VII · Sec A
Principal Research Fellow
$260,920Pt VII · Sec A
Vice President & General Counsel
$251,854Pt VII · Sec A
Chief Communications Officer
$244,306Pt VII · Sec A
Vice President & Dir. Prog. Dev.
$243,541Pt VII · Sec A

Virginia W Knox’s $578K as President is at the 94th percentile of top reported officer pay among 415 $10–100M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Virginia W Knox$577,629$537,852$460,846$445,532
Jesus M Amadeo$474,585$456,910$391,346$398,929
Dan J Bloom - SR Vice Pres$305,331$292,384
Dan J Bloom$258,935$272,662
Sharon Rowser Thru 072021$268,123
Charles Michalopoulos$264,924$257,339$232,624$229,588
James a Riccio$260,920$248,103$230,724$233,609
Rose Kob$251,854$239,945$232,994

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$83.7M · 94%
Other revenue$5.7M · 6%
Contributions & grants94%$83.7M
Other revenue6%$5.7M
Total revenueLn 12$89.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.19 Fundraising $0.00
Program services81%$76.2M
Management & general19%$17.8M
Fundraising$4K
Total functional expensesLn 25$93.9M

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$157.2M
Total liabilitiesLn 26$65.2M
Total net assetsLn 32$92.0M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $93.9M
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services — · Total expenses $93.9M
Management & General
Management & general — · Total expenses $93.9M
Fundraising
Fundraising — · Total expenses $93.9M
Cost to raise $1
Fundraising expense (2-yr avg) $2K · Solicited contributions (2-yr avg) $33.8M
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $83.7M · Total revenue $89.3M
94%
Government reliance
Government grants — · Total revenue $89.3M
Earned-income share
Program service revenue — · Total revenue $89.3M
Investment reliance
Investment income — · Total revenue $89.3M
Program self-sufficiency
Program service revenue — · Total expenses $93.9M
Growth & trend
Revenue growth (YoY)
This year $89.3M · Prior year $83.9M
+6%
Revenue CAGR
FY2020 $65.6M · FY2024 $89.3M
+8%
Net-asset trend (YoY)
End of year $92.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $89.3M · Expenses $93.9M
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $157.2M
Net-asset ratio
Net assets $92.0M · Total assets $157.2M
59%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $157.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $93.9M
No individual compensation reported on this filing
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $93.9M
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%
Overhead ratio 19%
Fundraising cost ratio 0%
Revenue growth 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$814K
Grants paid · 147 grants · $10.3M · 2020–2023
Houston Housing AuthorityFY2023$419,415
Impact for Equity INCIL · FY2023$289,716
Ascend Stl INCMO · FY2023$250,000
Housing Authority of Baltimore CityFY2023$63,758
Board of Education Fulton CountyFY2023$26,762
Khan Academy INCFY2023$25,000
Washington Student Achievement CouncilFY2023$20,000
The Family PartnershipMN · FY2023$15,000
The Wildflower FoundationMN · FY2023$15,000
ZenoWA · FY2023$15,000
Sesame WorkshopNY · FY2023$15,000
Northwestern UniversityIL · FY2023$15,000
Regents of the University of MinnesotaFY2023$15,000
Davidson-Davie Community CollegeFY2023$10,000
Union County CollegeFY2023$10,000
See all 147 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$89.3M revenue · viewing · ⤓ 990 PDF
FY2023$83.9M revenue · ⤓ 990 PDF
FY2022$82.8M revenue · ⤓ 990 PDF
FY2021$93.1M revenue · ⤓ 990 PDF
FY2020$65.6M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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