Mt28 Inc

Analysis

Mt28 Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in November 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Mt28 Inc reported income of $220k and spending of $233k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $203k to $220k (+8.3%), an average of +8.3% a year. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mt28 Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within TX. Charities of a similar size with the same main cause include Tandem Paryers Inc ($220k), Airwaves for Jesus Inc ($220k) and Church Planting Partners Corporation ($220k).

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 $60k against liabilities of $52, net assets of $59k.