Massb Foundation

Analysis

Massb Foundation is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in May 2008, 18 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, Massb Foundation reported income of $225k and spending of $133k, leaving 41% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $133k to $225k (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 439%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Massb Foundation sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include Lila Lane Outreach ($225k), Hagerstown Day Nursery ($225k) and Community Gardens of Tucson ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $670k against liabilities of $0, net assets of $670k.