MBC Holding Inc

Analysis

MBC Holding Inc is a registered charity in United States, based in Auburn, GA. It received its IRS tax-exemption ruling in December 1964, 62 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, MBC Holding Inc reported income of $180k and spending of $185k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $27k to $180k (+560%), an average of +560% a year. The sharpest change came in the year to December 2023, when income rose by 560%. 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, MBC Holding Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 55th percentile within GA. Charities of a similar size with the same main cause include Tri-Cities Youth Soccer Association ($180k), Arts Council of Carter County Inc ($180k) and Nami Marin Inc ($180k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 41% of the total. At year end it held assets of $230k against liabilities of $0, net assets of $230k.