Midori Foundation Inc

Analysis

Midori Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1992, 34 years ago. 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 June 2023, Midori Foundation Inc reported income of $1.8m and spending of $1.8m, spending 99% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.7m to $1.8m (+9.7%), an average of +3.1% a year. The sharpest change came in the year to June 2022, when income rose by 53%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midori Foundation Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Creative Learning Inc ($1.8m), Agape Childrens Academy of New ($1.8m) and Independence Square Foundation ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $348k (19% of expenses). Other salaries and wages came to $566k. It paid $43k in professional fundraising fees. At year end it held assets of $1.7m against liabilities of $453k, net assets of $1.2m. It reported 81 employees.