Mvle Inc

Analysis

Mvle Inc is a registered charity in United States, based in Springfield, VA. It received its IRS tax-exemption ruling in September 1973, 53 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mvle Inc reported income of $9.2m and spending of $9.9m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $14.6m to $9.2m (-37%), an average of -11% a year. The sharpest change came in the year to September 2022, when income dropped by 27%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mvle Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VA. Charities of a similar size with the same main cause include Marian and Edward Macdowell Inc ($9.2m), Forum School ($9.2m) and Kentucky Association of Counties Inc ($9.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $301k (3.0% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $12.4m against liabilities of $7.8m, net assets of $4.6m. It reported 200 employees.