Mbolden Change

Analysis

Mbolden Change is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in June 2006, 20 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 December 2023, Mbolden Change reported income of $1.6m and spending of $2.1m, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $925k to $1.6m (+68%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 352%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mbolden Change sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include South Whidbey Good Cheer Inc ($1.6m), Nurturing Center Inc ($1.6m) and Amazon Hope ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.8% of the total. Compensation of current officers, directors and key employees was $238k (12% of expenses). Other salaries and wages came to $303k. At year end it held assets of $542k against liabilities of $81k, net assets of $461k. It reported 6 employees.