Must

Analysis

Must is a registered charity in United States, based in Paso Robles, CA. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Must reported income of $2.6m and spending of $1.1m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $707k to $2.6m (+268%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 171%. Over the whole period it spent 53% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Must sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include United Way of Northwest Arkansas Inc ($2.6m), Oregon Trail Community Foundation ($2.6m) and Jewish Federation of Greater Des Moines ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 110% of the total. Compensation of current officers, directors and key employees was $112k (10% of expenses). Other salaries and wages came to $198k. At year end it held assets of $5.5m against liabilities of $80k, net assets of $5.5m. It reported 4 employees.