MDC INC
AI Summary
MDC INC is an economic development nonprofit focused on advancing economic mobility, educational equity, rural prosperity, and equity-centered leadership across the South. In filing year 2025, it reported a $6.5M operating budget and $9.9M in total revenue, with major support from THE KRESGE FOUNDATION, THE DUKE ENDOWMENT, and Z SMITH REYNOLDS FOUNDATION INC; no single listed funder appears to account for 50% or more of total revenue.
Mission Statement
MDC ENVISIONS A SOUTH WHERE SYSTEMIC INEQUITIES NO LONGER EXIST AND ALL PEOPLE THRIVE. MDC CATALYZES AND ACCELERATES ECONOMIC MOBILITY ACROSS THE SOUTH BY ACTIVATING CHANGEMAKERS, STRENGTHENING CAPACITY, FRAMING KEY ISSUES, AND CULTIVATING NETWORKS CENTERING EQUITY THROUGH IT ALL.
Cause Areas
1
Economic development
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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- 61 funders
- 51 board & team members
- 10 historic 990s & financials
- 6-year operating budget trend
Frequently Asked Questions
What is MDC INC’s budget?
In 2025, MDC INC reported an annual operating budget of around $6.5 million. More detailed financial information is available to registered users.
What causes does MDC INC support?
MDC INC supports work in Economic development.
Where does MDC INC operate?
MDC INC is headquartered in DURHAM, NC.
Who funded MDC INC recently?
In 2025, MDC INC received grants from TARGET FOUNDATION, ARIZONA COMMUNITY FOUNDATION, and REIDSVILLE AREA FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant MDC INC received in 2024?
The largest grant to MDC INC in 2024 exceeds $700 thousand.