MLBC Foundation Inc

Analysis

MLBC Foundation Inc is a registered charity in United States, based in Bridgeport, WV. 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, MLBC Foundation Inc reported income of $64k and spending of $86k, spending 134% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $50k to $64k (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 267%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, MLBC Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within WV. Charities of a similar size with the same main cause include Amherst Junior Womens Club ($64k), Rock Valley Christian School FNDTN ($64k) and Keep It in the Valley Foundation ($64k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 23% of the total. At year end it held assets of $76k against liabilities of $0, net assets of $76k.