Mbu Water Polo Foundation

Analysis

Mbu Water Polo Foundation is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Mbu Water Polo Foundation reported income of $236k and spending of $214k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $218k to $236k (+8.2%), an average of +4.0% a year. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mbu Water Polo Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within CA. Charities of a similar size with the same main cause include Ghosts of Steel ($236k), Underwater Society of America Inc ($236k) and Clarksville Panther Foundation Inc ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $35k (16% of expenses). Other salaries and wages came to $58k. At year end it held assets of $86k against liabilities of $6,700, net assets of $79k. It reported 25 employees.