MRB Foundation Inc

Analysis

MRB Foundation Inc is a registered charity in United States, based in Martinsburg, WV. It received its IRS tax-exemption ruling in March 2022, 4 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 June 2023, MRB Foundation Inc reported income of $199k and spending of $183k, spending 92% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $145k to $199k (+37%), an average of +37% a year. The sharpest change came in the year to June 2023, when income rose by 37%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, MRB Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within WV. Charities of a similar size with the same main cause include Brothers Keeper Veterans Foundation Inc ($199k), Union Preschool Incorportated ($199k) and Health-Care Education and Living in Poverty ($199k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $473k against liabilities of $450k, net assets of $23k.