Mvsa VBC Inc

Analysis

Mvsa VBC Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Mvsa VBC Inc reported income of $540k and spending of $444k, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2024, income grew from $366k to $540k (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mvsa VBC Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include Silverspoon Learning Center ($540k), The Hope Project Inc ($540k) and Bethel Area District Exchange and Food Pantry ($540k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.2% and program service revenue 99% of the total. At year end it held assets of $345k against liabilities of $0, net assets of $345k.