Mbano National Assembly Inc

Analysis

Mbano National Assembly Inc is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Mbano National Assembly Inc reported income of $102k and spending of $55k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $134k to $102k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mbano National Assembly Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Carmine & Robert Desantis Charitable Foundation Inc ($102k), Savage & Associates Foundation Inc ($102k) and G Pauline Parker-Ltc Foundation Trust ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $141k against liabilities of $0, net assets of $141k.