Mlba Purple Ribbon Auction Committee

Analysis

Mlba Purple Ribbon Auction Committee is a registered charity in United States, based in Hastings, MN. It received its IRS tax-exemption ruling in July 2023, 3 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Mlba Purple Ribbon Auction Committee reported income of $390k and spending of $300k, leaving 23% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $290k to $390k (+34%), an average of +34% a year. The sharpest change came in the year to June 2024, when income rose by 34%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Mlba Purple Ribbon Auction Committee sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within MN. Charities of a similar size with the same main cause include Boys & Girls Club of Bisbee Az ($389k), The@compass ($390k) and Acts II Minstry for Teens ($389k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $134k against liabilities of $0, net assets of $134k.