Mamba and Mambacita Sports Foundation

Analysis

Mamba and Mambacita Sports Foundation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in February 2016, 10 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, Mamba and Mambacita Sports Foundation reported income of $15.1m and spending of $902k, leaving 94% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $303k to $15.1m (+4869%), an average of +118% a year. The sharpest change came in the year to December 2020, when income rose by 976%. Over the whole period it spent 8.6% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mamba and Mambacita Sports Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Caring for Others Inc ($15.1m), Mohawk Valley Community Action Agency Inc ($15.1m) and Services by Design Inc ($15.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% of the total. Compensation of current officers, directors and key employees was $184k (20% of expenses). At year end it held assets of $44.2m against liabilities of $225k, net assets of $44.0m. It reported 1 employees.