Mbef College & Career Academies

Analysis

Mbef College & Career Academies is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in August 2020, 6 years ago. 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 December 2023, Mbef College & Career Academies reported income of $482k and spending of $407k, spending 84% of its income. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mbef College & Career Academies sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MD. Charities of a similar size with the same main cause include Iesa Foundation ($482k), Southern Society for Clinical Investigation Inc ($482k) and Canby Kiwanis Foundation Inc ($482k).

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 $280k (69% of expenses). Other salaries and wages came to $9,234. At year end it held assets of $75k against liabilities of $28k, net assets of $48k. It reported 3 employees.