Mephibosheth Project

Analysis

Mephibosheth Project is a registered charity in United States, based in Goldsboro, NC. It received its IRS tax-exemption ruling in December 2015, 11 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, Mephibosheth Project reported income of $118k and spending of $103k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $27k to $118k (+343%), an average of +343% a year. The sharpest change came in the year to December 2023, when income rose by 343%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mephibosheth Project sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within NC. Charities of a similar size with the same main cause include New York State Building Officials ($118k), Gmach Life Fund ($119k) and Walker Area Pregnancy Support Center of Walker Minnesota ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $20k against liabilities of $8,755, net assets of $11k.