MBK Clt-Mecklenburg Inc

Analysis

MBK Clt-Mecklenburg Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, MBK Clt-Mecklenburg Inc reported income of $149k and spending of $219k, spending 147% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income grew from $86k to $149k (+73%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 257%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, MBK Clt-Mecklenburg Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NC. Charities of a similar size with the same main cause include St Louis Police Athletic League ($149k), Base Garfield Park NFP Inc ($149k) and Hoyce Center ($149k).

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 $116k against liabilities of $131k, net assets of -$15k.