Mb2 Family Foundation

Analysis

Mb2 Family Foundation is a registered charity in United States, based in Carrollton, TX. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mb2 Family Foundation reported income of $211k and spending of $101k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $91k to $211k (+132%), an average of +132% a year. The sharpest change came in the year to December 2023, when income rose by 132%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mb2 Family Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within TX. Charities of a similar size with the same main cause include Re Gen Er Ate ($211k), Clock Inc ($211k) and New Foundation House of Hope Inc ($211k).

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 $142k against liabilities of $0, net assets of $142k.