Mfam Project

Analysis

Mfam Project is a registered charity in United States, based in Howell, MI. It received its IRS tax-exemption ruling in September 2019, 7 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 June 2023, Mfam Project reported income of $97k and spending of $106k, spending 109% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $109k to $97k (-11%), an average of -11% a year. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mfam Project sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within MI. Charities of a similar size with the same main cause include Tintern Retreat & Resource Center Inc ($97k), North Canton YMCA Gymnastics Boosters Association Inc ($97k) and Architectural Woodwork Institute Education Foundation Inc ($97k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $0, net assets of $11k.