As of August 2026, there is no documented standalone wealth holder called "Philanthropy," so it has no supportable net-worth figure. The closest identifiable subject is Beast Philanthropy, the trade name of MrCharity, Inc., whose latest public filing reports $2,097,818 in nonprofit net assets—not personal wealth. The new filing shows a smaller balance sheet and an annual deficit for fiscal 2024. A separate strategic partnership may expand the organization's work, but it did not establish a new asset valuation.
Table of Contents
- Which organization do the records cover?
- What does the latest Form 990 show?
- Why did net assets decline?
- Does this reveal MrBeast's personal wealth?
- What else changed before August 2026?
Which organization do the records cover?
Beast philanthropy is operated by MrCharity, Inc., a North Carolina 501(c)(3) with EIN 85-2067214. The organization confirms that identity in its Beast Philanthropy Disclosure Statement. This distinction matters because a charitable brand is not an individual or a personal asset portfolio.
Searches for "Philanthropy net worth" can therefore produce a misleading mix of nonprofit finances and MrBeast wealth estimates. The organization's assets also do not belong to MrBeast personally. Its reported net assets measure the nonprofit's financial position after liabilities, not the chairman's net worth.
What does the latest Form 990 show?
The latest publicly available Form 990 as of August 2026 covers fiscal 2024. According to IRS filing data presented by ProPublica, MrCharity reported $2,407,355 in total assets and $309,537 in liabilities.
Subtracting those liabilities leaves $2,097,818 in net assets. That is the most relevant public asset figure for Beast Philanthropy, but it should be labeled "nonprofit net assets" rather than "net worth." Total assets fell from $2,806,565 in fiscal 2023 to $2,407,355 in fiscal 2024, a decline of about 14%. The organization consequently ended the year with a smaller balance sheet despite operating at a much larger annual spending level.
Why did net assets decline?
MrCharity recorded $8,460,821 in fiscal 2024 revenue and $8,843,646 in expenses. Expenses exceeded revenue by $382,825, reducing net assets from $2,480,643 at the end of fiscal 2023 to $2,097,818. Contributions supplied $8,459,196—virtually all reported revenue.
The filing listed no program-service revenue, sales-of-assets revenue, or fundraising-fee expense. These figures show substantial annual activity without suggesting that the organization accumulated comparable reserves. Its roughly $8.8 million expense base was more than four times its year-end net assets.
Does this reveal MrBeast's personal wealth?
No. James Donaldson, known as MrBeast, was listed as MrCharity's chairman with $0 compensation for fiscal 2024. The filing identified Jennifer Kempe at $126,000 and Darren Margolias at $93,316 as paid leaders.
Beast Philanthropy says MrBeast commits 100% of its YouTube-channel and merchandise-sales revenue to the organization's operations on its donation page. That commitment does not turn the charity's assets into MrBeast's property or establish his personal net worth. Readers comparing wealth estimates should keep three categories separate:.
- MrCharity's $2,097,818 in nonprofit net assets.
- MrCharity's $8,460,821 in annual revenue.
- MrBeast's personal wealth, which this filing does not calculate.
What else changed before August 2026?
The major operational development was a strategic partnership announced on November 24, 2025. The Rockefeller Foundation's announcement said the partners' first joint learning trip in Ghana would begin in early 2026.
The announcement did not disclose a new Beast Philanthropy asset value. Readers evaluating future "net worth" claims should look for a later Form 990, confirm the fiscal year, and distinguish organizational net assets from revenue, spending, and personal wealth.