Mb Charitable Foundation

HACKENSACK, NJ EIN: 84-2249286

Mb Charitable Foundation is a private foundation focused on Human Services, based in HACKENSACK, NJ. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $163K in total assets. In 2024, it awarded 3 grants totaling $16K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$163K

-10.2% YoY

Annual Giving

$16K

-85.5% YoY

Grant Count

-40.0% YoY

Avg Grant Size

$5K

-75.8% YoY

Under IRS private-foundation payout rules, Mb Charitable Foundation reported a distributable amount of $9K for 2024 — the minimum it must pay out in qualifying distributions.

About Mb Charitable Foundation

Based on IRS filings

Focus Areas

Human Services

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

New Jersey $177K (46%)

California $130K (34%)

New York $51K (13%)

Maryland $20K (5%)

Illinois $5K (1%)

Florida $3K (1%)

District of Columbia $2K (1%)

States

California District of Columbia Florida Illinois Maryland New Jersey New York

Cities

Basking RidgeBowieChicagoCoronaEdisonHughesvilleNew YorkPrincetonRedondo BeachSomersetSt PetersburgTottenville Staten IsWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$163,382	$181,982	$192,982
Revenue	—	$100,000	$150,000
Expenses	$18,600	$111,000	$103,584
Qualifying Distributions	$16,100	$111,000	$97,234
Net Investment Income	—	—	—
Distributable Amount	$8,505	—	—

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Grant Size Distribution

30 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Guruji Ka Mandir ($9,000), Veerayatan International Inc ($5,100), International Mission of Mercy Usa ($2,000).

Recipient	Purpose	Amount
GURUJI KA MANDIR EDISON, NJ	COMMUNITY OUTREACH	$9,000
VEERAYATAN INTERNATIONAL INC HUGHESVILLE, MD	COMMUNITY OUTREACH	$5,100
INTERNATIONAL MISSION OF MERCY USA EDISON, NJ	COMMUNITY OUTREACH	$2,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MANJIT BATRA	PRESIDENT	1	—
MANISHA BATRA	VICE PRESIDENT	1	—
TARUN BATRA	DIRECTOR	1	—

Subject Areas

Focus areas based on grantmaking activity

Human Services

Frequently Asked Questions

What is Mb Charitable Foundation?

Mb Charitable Foundation is a private foundation focused on Human Services, based in HACKENSACK, NJ. It holds $163K in total assets as of 2024.

How large is Mb Charitable Foundation?

As of 2024, Mb Charitable Foundation holds $163K in total assets. It awarded 3 grants totaling $16K in 2024.

Where does Mb Charitable Foundation operate?

Mb Charitable Foundation has awarded grants in California, District of Columbia, Florida, Illinois, Maryland, New Jersey, New York.

What size grants does Mb Charitable Foundation award?

In 2024, Mb Charitable Foundation awarded 3 grants totaling $16K — an average of about $5K per grant, based on its IRS Form 990 filings.

How much is Mb Charitable Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, Mb Charitable Foundation reported a distributable amount of $9K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.