Mv3 Foundation

Analysis

Mv3 Foundation is a registered charity in United States, based in Carmichael, CA. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Mv3 Foundation reported income of $131k and spending of $28k, leaving 79% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $110k to $131k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 17% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mv3 Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 46th percentile within CA. Charities of a similar size with the same main cause include Centennial Area Education Foundation Inc ($131k), Santa Fe Womans Club and Library Association ($131k) and Montgomery Academy Foundation ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $197k against liabilities of $110, net assets of $197k.