Meb2 Foundation Inc

Analysis

Meb2 Foundation Inc is a registered charity in United States, based in Grass Valley, CA. It received its IRS tax-exemption ruling in March 2011, 15 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Meb2 Foundation Inc reported income of $67k and spending of $73k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $76k to $67k (-11%), an average of -11% a year. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Meb2 Foundation Inc sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 29th percentile within CA. Charities of a similar size with the same main cause include Monitors Foundation ($67k), Care for a Cause Foundation Inc ($67k) and Daniel and Francine Scintofoundation ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $7,030 against liabilities of $0, net assets of $7,030.