Mission Belonging Inc

Analysis

Mission Belonging Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in January 2017, 9 years ago. 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 December 2023, Mission Belonging Inc reported income of $416k and spending of $411k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $305k to $416k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mission Belonging Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MD. Charities of a similar size with the same main cause include Bioenergy Fields Foundation ($415k), Wheatland Duplexes Corporation ($416k) and Marc Group Homes Inc ($415k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 14% of the total. Other salaries and wages came to $138k. At year end it held assets of $134k against liabilities of $234, net assets of $133k. It reported 3 employees.