Mbdi Inc

Analysis

Mbdi Inc is a registered charity in United States, based in Princeton Junction, NJ. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, Mbdi Inc reported income of $1.3m and spending of $773k, leaving 42% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $23k to $1.3m (+5773%), an average of +177% a year. The sharpest change came in the year to June 2023, when income rose by 3780%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mbdi Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 85th percentile within NJ. Charities of a similar size with the same main cause include Ua3 Inc ($1.3m), Delaware County Local Development Corporation ($1.3m) and Avenida Guadalupe Association ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 56% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $250k (32% of expenses). Other salaries and wages came to $165k. At year end it held assets of $397k against liabilities of $125k, net assets of $272k. It reported 7 employees.