Mobile Mantra Inc

Analysis

Mobile Mantra Inc is a registered charity in United States, based in Topanga, CA. It received its IRS tax-exemption ruling in April 2016, 10 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, Mobile Mantra Inc reported income of $57k and spending of $32k, leaving 44% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $55k to $57k (+4.5%), an average of +2.2% a year. The sharpest change came in the year to December 2022, when income rose by 1155%. Over the whole period it spent 15% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mobile Mantra Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 24th percentile within CA. Charities of a similar size with the same main cause include River of Hope Inc ($57k), Release & Refresh Womens ($57k) and Ramsey Responds Inc ($57k).

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 $661k against liabilities of $0, net assets of $661k.