Mba Challenge for Charity

Analysis

Mba Challenge for Charity is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in August 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 October 2023, Mba Challenge for Charity reported income of $190k and spending of $171k, spending 90% of its income. Across the 3 years on record, from October 2020 to October 2023, income fell from $328k to $190k (-42%), an average of -24% a year. The sharpest change came in the year to October 2022, when income dropped by 59%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mba Challenge for Charity sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include United Way of Mon Valley ($190k), Led2serve Inc ($190k) and Kindworks Inc ($190k).

On its Form 990-EZ for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $114k against liabilities of $0, net assets of $114k.