Friends of Mexican Development Foundation

Analysis

Friends of Mexican Development Foundation is a registered charity in United States, based in Montclair, NJ. It received its IRS tax-exemption ruling in April 1985, 41 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Friends of Mexican Development Foundation reported income of $793k and spending of $477k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $114k to $793k (+598%), an average of +63% a year. The sharpest change came in the year to December 2020, when income rose by 960%. Over the whole period it spent 94% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Friends of Mexican Development Foundation sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Jubilee Centers International ($793k), Edukenya ($794k) and Cornerstone Foundation ($792k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $507k against liabilities of $5,000, net assets of $502k.