Metabrainz Foundation Inc

Analysis

Metabrainz Foundation Inc is a registered charity in United States, based in Covina, CA. It received its IRS tax-exemption ruling in December 2004, 22 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, Metabrainz Foundation Inc reported income of $423k and spending of $465k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $428k to $423k (-1.0%), an average of -0.3% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Metabrainz Foundation Inc 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 68th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Bioquest Curriculum Consortium ($423k), Institute for Ethics and Emerging Technologies Inc ($423k) and Friends of the University of Waterloo Foundation ($423k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $120k (26% of expenses). At year end it held assets of $416k against liabilities of $0, net assets of $416k.