71mvp Inc

Analysis

71mvp Inc is a registered charity in United States, based in Deland, FL. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, 71mvp Inc reported income of $184k and spending of $115k, leaving 38% of income unspent that year. Across the 3 years on record, from December 2019 to December 2022, income fell from $326k to $184k (-44%), an average of -25% a year. The sharpest change came in the year to December 2021, when income dropped by 52%. Over the whole period it spent 78% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, 71mvp Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Billerica Youth Basketball Inc ($184k), TW Quarter Circle Ranch Ministries ($184k) and Scubanauts International Inc ($184k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $219k against liabilities of $0, net assets of $219k.