Muggsy Bogues Family Foundation

Analysis

Muggsy Bogues Family Foundation is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in December 2013, 13 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 June 2023, Muggsy Bogues Family Foundation reported income of $76k and spending of $67k, spending 88% of its income. Across the 4 years on record, from December 2020 to June 2023, income grew from $28k to $76k (+172%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 413%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Muggsy Bogues Family Foundation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 28th percentile within NC. Charities of a similar size with the same main cause include Building Solid Foundations Inc ($76k), Community Apartments Corporation of Forsyth County ($76k) and Cape Royal Community Foundation Inc ($76k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 105% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $33k (50% of expenses). At year end it held assets of $114k against liabilities of $30k, net assets of $84k.