M-Base Concepts Inc

Analysis

M-Base Concepts Inc is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, M-Base Concepts Inc reported income of $107k and spending of $83k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $56k to $107k (+91%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 285%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, M-Base Concepts 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 39th percentile, and in the 37th percentile within PA. Charities of a similar size with the same main cause include Richmond Tamil Sangam ($107k), Art 120 ($107k) and American Friends of the Art Gallery of Ontario Inc ($107k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.1% and program service revenue 96% of the total. At year end it held assets of $65k against liabilities of $13k, net assets of $53k.