Momineen Welfare Foundation of America

Analysis

Momineen Welfare Foundation of America is a registered charity in United States, based in Morton Grove, IL. It received its IRS tax-exemption ruling in May 2011, 15 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, Momineen Welfare Foundation of America reported income of $238k and spending of $54k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $238k (+93%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 15% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Momineen Welfare Foundation of America sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within IL. Charities of a similar size with the same main cause include Blue Ridge Community & Technical College Foundation Inc ($238k), Nativity School Foundation ($238k) and Educational Foundation of Birchwood Inc ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.