Mobius Inc

Analysis

Mobius Inc is a registered charity in United States, based in Damariscotta, ME. It received its IRS tax-exemption ruling in April 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mobius Inc reported income of $4.8m and spending of $5.2m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $5.6m to $4.8m (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mobius Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within ME. Charities of a similar size with the same main cause include Hospice of the Valley Inc ($4.8m), Comfort Cases Inc ($4.8m) and Goodroots Northwest ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $177k (3.4% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $3.9m against liabilities of $2.0m, net assets of $1.9m. It reported 96 employees.