Mbx Foundation
Mbx Foundation consistently deploys nearly all revenue to expenses with no reported officer compensation.
EIN: 20603467 · Manhattan Bch, CA · NTEE: B11 · Updated: 2026-03-28
Is Mbx Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mbx Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mbx Foundation
Mbx Foundation (EIN: 20603467) is a nonprofit organization based in Manhattan Bch, CA, classified under NTEE code B11. The organization reported total revenue of $5.9M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mbx Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mbx Foundation with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Mbx Foundation allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Mbx Foundation consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either volunteer-based or compensated through non-officer categories, which is highly favorable for resource allocation to programs.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mbx Foundation's IRS 990 filings:
- Negative revenue reported in 202012 ($-346,023) which warrants further investigation into its cause, though subsequent years show strong recovery.
Strengths
The following positive indicators were identified for Mbx Foundation:
- Consistent deployment of funds, with expenses often matching or exceeding revenue (e.g., 202312 expenses of $5,026,357 vs. revenue of $4,970,679).
- Zero reported officer compensation across all filings, indicating high efficiency and potential volunteer leadership.
- Strong asset-to-liability ratio, demonstrating robust financial health (e.g., $4,112,901 assets vs. $38,604 liabilities in 202312).
- Significant revenue growth in recent years, indicating expanding capacity and impact.
- Consistent growth in assets, from $2,624,409 in 202012 to $4,112,901 in 202312.
Frequently Asked Questions about Mbx Foundation
Is Mbx Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Mbx Foundation (EIN: 20603467) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Mbx Foundation spend its money?
Mbx Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mbx Foundation tax-deductible?
Mbx Foundation is registered as a tax-exempt nonprofit (EIN: 20603467). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Mbx Foundation a good charity?
Based on the provided data, Mbx Foundation appears to be a good charity. It consistently deploys its funds, with expenses closely matching or exceeding revenue in recent periods (e.g., $5,026,357 expenses vs. $4,970,679 revenue in 202312), indicating active program delivery. The absence of reported officer compensation is a significant positive for efficiency and transparency.
How has Mbx Foundation's revenue changed over time?
Mbx Foundation has experienced substantial revenue growth, particularly in recent years. Revenue increased from $694,229 in 201912 to $4,970,679 in 202312, demonstrating a significant expansion of its financial capacity and reach.
What is the financial health of Mbx Foundation?
The financial health of Mbx Foundation appears strong. Its assets consistently exceed liabilities (e.g., $4,112,901 assets vs. $38,604 liabilities in 202312), indicating a solid balance sheet. The organization also demonstrates a healthy operational model by deploying most of its revenue to expenses.
Does Mbx Foundation pay its executives?
According to the IRS 990 filings, Mbx Foundation reports 0% officer compensation across all available periods. This suggests that executives are either volunteers or compensated through other means not categorized as officer compensation.
Filing History
IRS 990 filing history for Mbx Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mbx Foundation's revenue has grown by 194.3%, moving from $1.7M to $5.0M. Total assets increased by 135.8% over the same period, from $1.7M to $4.1M. Total functional expenses rose by 391.9%, from $1.0M to $5.0M. In its most recent filing year (2023), Mbx Foundation reported a deficit of $56K, with expenses exceeding revenue. The organization holds $39K in liabilities against $4.1M in assets (debt-to-asset ratio: 0.9%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $5.0M | $5.0M | $4.1M | $39K | — | — |
| 2022 | $4.7M | $4.5M | $4.1M | $5K | — | View 990 |
| 2021 | $3.9M | $2.5M | $3.9M | $0 | — | View 990 |
| 2020 | $-346,023 | $383K | $2.6M | $185K | — | View 990 |
| 2019 | $694K | $284K | $3.2M | $15K | — | View 990 |
| 2018 | $437K | $722K | $2.8M | $10K | — | View 990 |
| 2017 | $1.0M | $2.2M | $3.2M | $206K | — | View 990 |
| 2016 | $640K | $161K | $4.5M | $205K | — | View 990 |
| 2015 | $836K | $471K | $4.0M | $168K | — | View 990 |
| 2014 | $632K | $160K | $3.6M | $167K | — | View 990 |
| 2013 | $736K | $49K | $3.1M | $165K | — | View 990 |
| 2012 | $837K | $299K | $2.4M | $81K | — | View 990 |
| 2011 | $1.7M | $1.0M | $1.7M | $11K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.0M, expenses of $5.0M, and assets of $4.1M (revenue +6.9% year-over-year).
- 2022: Revenue of $4.7M, expenses of $4.5M, and assets of $4.1M (revenue +19.8% year-over-year).
- 2021: Revenue of $3.9M, expenses of $2.5M, and assets of $3.9M.
- 2020: Revenue of $-346,023, expenses of $383K, and assets of $2.6M (revenue -149.8% year-over-year).
- 2019: Revenue of $694K, expenses of $284K, and assets of $3.2M (revenue +58.8% year-over-year).
- 2018: Revenue of $437K, expenses of $722K, and assets of $2.8M (revenue -56.6% year-over-year).
- 2017: Revenue of $1.0M, expenses of $2.2M, and assets of $3.2M (revenue +57.2% year-over-year).
- 2016: Revenue of $640K, expenses of $161K, and assets of $4.5M (revenue -23.4% year-over-year).
- 2015: Revenue of $836K, expenses of $471K, and assets of $4.0M (revenue +32.2% year-over-year).
- 2014: Revenue of $632K, expenses of $160K, and assets of $3.6M (revenue -14.0% year-over-year).
- 2013: Revenue of $736K, expenses of $49K, and assets of $3.1M (revenue -12.1% year-over-year).
- 2012: Revenue of $837K, expenses of $299K, and assets of $2.4M (revenue -50.5% year-over-year).
- 2011: Revenue of $1.7M, expenses of $1.0M, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Mbx Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.