Mennowood Foundation

Analysis

Mennowood Foundation is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mennowood Foundation reported income of $433k and spending of $12k, leaving 97% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $45k to $433k (+865%), an average of +76% a year. The sharpest change came in the year to December 2020, when income rose by 1347%. Over the whole period it spent 3.3% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mennowood Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within VA. Charities of a similar size with the same main cause include Richmond City Pregnancy Resource Center Incorporated ($433k), Foster Grandparent Program Inc ($433k) and Huntingdon County Agricultural Assn Inc ($433k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. At year end it held assets of $2.3m against liabilities of $0, net assets of $2.3m.