M Foundation Inc

Analysis

M Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 2016, 10 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 December 2023, M Foundation Inc reported income of $151k and spending of $154k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $19k to $151k (+711%), an average of +712% a year. The sharpest change came in the year to December 2023, when income rose by 711%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, M Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Friends of Hamilton I S D Inc ($151k), United Way of Crookston Inc ($151k) and Philippine Nurses Association of New Jersey Foundation Inc ($151k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.