Minette Grosso McKenna Angel Foundation Inc

Analysis

Minette Grosso McKenna Angel Foundation Inc is a registered charity in United States, based in Verona, NJ. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Minette Grosso McKenna Angel Foundation Inc reported income of $159k and spending of $74k, leaving 53% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $138k to $159k (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2023, when income rose by 146%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minette Grosso McKenna Angel Foundation Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include The Elizabeth Bowers Zambia Education Fund ($159k), Santa Rosa High School Panther Athletic Club ($159k) and Belle Plaine Community School ($159k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% of the total. At year end it held assets of $193k against liabilities of $0, net assets of $193k.