Mendon Foundation Inc

Analysis

Mendon Foundation Inc is a registered charity in United States, based in Mendon, NY. It received its IRS tax-exemption ruling in May 1993, 33 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 December 2023, Mendon Foundation Inc reported income of $52k and spending of $15k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $15k to $52k (+243%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 155%. Over the whole period it spent 63% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mendon Foundation Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include PTA New York Congress ($52k), Mortar Board Inc ($52k) and Georgia Extension 4-H Foundation ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $1.5m against liabilities of $1,781, net assets of $1.5m.