Mrva Inc

Analysis

Mrva Inc is a registered charity in United States, based in Kihei, HI. It received its IRS tax-exemption ruling in June 2021, 5 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, Mrva Inc reported income of $270k and spending of $596k, spending 220% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $200k to $270k (+35%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 218% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mrva Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 58th percentile within HI. Charities of a similar size with the same main cause include Awareness Is Prevention ($270k), Great Public Schools for Iowa ($271k) and Center for Innovations in Education ($270k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $245k against liabilities of $1.0m, net assets of -$763k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.