Mabas Fund Inc

Analysis

Mabas Fund Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in June 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, Mabas Fund Inc reported income of $5.0m and spending of $5.0m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $5.0m (+151%), an average of +26% a year. The sharpest change came in the year to December 2022, when income rose by 52%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mabas Fund Inc 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 93rd percentile within NJ. Charities of a similar size with the same main cause include Capstone Foundation ($5.0m), Pine Haven Boys Center ($5.0m) and Access Mammoth ($5.0m).

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 $833k against liabilities of $299k, net assets of $534k.