Masiphumelele Corporation

Analysis

Masiphumelele Corporation is a registered charity in United States, based in Westport, MA. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Masiphumelele Corporation reported income of $304k and spending of $257k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $355k to $304k (-14%), an average of -3.8% a year. The sharpest change came in the year to December 2022, when income rose by 31%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Masiphumelele Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Menokin Foundation ($304k), Next Steps 4 Seniors Foundation ($305k) and Rotary Club of Roseville Foundation ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $196k against liabilities of $0, net assets of $196k.