Mdrc

Tax-deductible

New York, NY501(c)(3)Since 1974EmploymentEIN 23-7379473Revenue $89.3M in FY2024

On file with the IRSmdrc.org200 Vesey St FL 23, 10281-5511 · New York, NYTax-exempt since Jul 1974Publicly supported charity — 170(b)(1)(A)(vi)

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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.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 15 volunteers and 334 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $1.8M a year · 2% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.1M
to officers and key staff · 3% of spending
Top officer’s pay higher than 95% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Named funders
1
named funder · $814K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$65.2M
41% of total assets
Looks good: liabilities are 41% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$89.3M
+6% vs prior year
Spent
$93.9M
To programs
81%
Net assets
$92.0M
By yearFY2020–FY2024
Revenue
$89.3M
FY2024▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2020$65.6M
FY2021$93.1M
FY2022$82.8M
FY2023$83.9M
FY2024$89.3M
Expenses
$93.9M
FY2024▲ +11%
Tap a bar for its year
Expenses by fiscal year
FY2020$66.0M
FY2021$75.1M
FY2022$85.7M
FY2023$85.0M
FY2024$93.9M
Net assets
$92.0M
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$84.8M
FY2021$106.3M
FY2022$91.6M
FY2023$95.9M
FY2024$92.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1974.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $76.2M Management & general 19% · $17.8M Fundraising 0% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

26 people listed on the 990; $3.1M paid to officers and key staff.

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 95th percentile of top reported officer pay among 414 $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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Programs and updates

Conducts rigorous social policy research and evaluations to help schools and public programs improve the well-being and academic achievement of low-income individuals.

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Provided by the organization

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3 programs · $41.8M · in their 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

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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 →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$89.3M
Ln 12
Gifts and grantsLn 1h$83.7M
Other incomeLn 4–11$5.7M
Money outPt IX
$93.9M
Ln 25
Programscol B$76.2M
Managementcol C$17.8M
Fundraisingcol D$4K
Owns and owesPt X
$92.0M
net assets · Ln 32
Total assetsLn 16$157.2M
LiabilitiesLn 26$65.2M
PeoplePt VI, VII
26
listed · VII A
PaidVII A10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$83.7M
Other incomeLn 4–11$5.7M
Total revenueLn 12$89.3M
Assets in detailPt X, end of year
Total assetsLn 16$157.2M
LiabilitiesLn 26$65.2M
Net assetsLn 32$92.0M
OperationsPt I, VI
EmployeesI 5334
VolunteersI 615
Fiscal year endsHeaderDecember

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $89.3M$93.9M−$4.6M$92.0M 990 PDF
FY2023 $83.9M$85.0M−$1.1M$95.9M 990 PDF
FY2022 $82.8M$85.7M−$3.0M$91.6M 990 PDF
FY2021 $93.1M$75.1M$18.0M$106.3M 990 PDF
FY2020 $65.6M$66.0M−$447K$84.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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