Don Monti Memorial Research Foundation

Analysis

Don Monti Memorial Research Foundation is a registered charity in United States, based in Woodbury, NY. It received its IRS tax-exemption ruling in February 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Don Monti Memorial Research Foundation reported income of $440k and spending of $517k, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $612k to $440k (-28%), an average of -7.9% a year. The sharpest change came in the year to June 2022, when income rose by 79%. 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, Don Monti Memorial Research Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Arc of Hamilton County ($440k), Law Advocates ($440k) and Relational Concepts Inc ($440k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. Compensation of current officers, directors and key employees was $76k (15% of expenses). At year end it held assets of $51k against liabilities of $23k, net assets of $28k. It reported 1 employees.