Mba Opens Doors Foundation

Analysis

Mba Opens Doors Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2012, 14 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 September 2023, Mba Opens Doors Foundation reported income of $4.0m and spending of $5.7m, spending 140% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.3m to $4.0m (+20%), an average of +4.7% a year. The sharpest change came in the year to September 2023, when income dropped by 23%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mba Opens Doors Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 77th percentile within DC. Charities of a similar size with the same main cause include Pikes Peak or Bust Rodeo Foundation ($4.0m), The American Foundation for Charitable Support Inc ($4.0m) and Community Foundation of Hancock County Inc ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $5.3m against liabilities of $10k, net assets of $5.3m.