Mwebaza Foundation

Analysis

Mwebaza Foundation is a registered charity in United States, based in Longmont, CO. 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, Mwebaza Foundation reported income of $519k and spending of $478k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $519k (-60%), an average of -20% a year. The sharpest change came in the year to December 2023, when income rose by 194%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mwebaza Foundation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 68th percentile within CO. Charities of a similar size with the same main cause include Community Services of Starke County Inc ($519k), Bbright ($519k) and Ark Community Resource & Assistance Center ($519k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $114k (24% of expenses). At year end it held assets of $1.6m against liabilities of $144, net assets of $1.6m. It reported 3 employees.