Mlife

Analysis

Mlife is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in January 2017, 9 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, Mlife reported income of $83k and spending of $116k, spending 140% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $152k to $83k (-46%), an average of -26% a year. The sharpest change came in the year to December 2023, when income rose by 74%. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mlife sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Otem Collective Inc ($83k), Red Oak Healing Center ($83k) and Mission Zoom Inc ($83k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $31k (26% of expenses). At year end it held assets of $6,393 against liabilities of $59k, net assets of -$52k. It reported 2 employees.