MBX Foundation

Analysis

MBX Foundation is a registered charity in United States, based in Manhattan BCH, CA. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. 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, MBX Foundation reported income of $5.0m and spending of $5.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $694k to $5.0m (+616%), an average of +64% a year. The sharpest change came in the year to December 2020, when income dropped by 150%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MBX Foundation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Memphis College Preparatory School ($5.0m), Rapid City Christian Education Association Inc ($5.0m) and World Dairy Expo Inc ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $107k (2.1% of expenses). At year end it held assets of $4.1m against liabilities of $39k, net assets of $4.1m. It reported 106 employees.