Mawazo Institute

Analysis

Mawazo Institute is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Mawazo Institute reported income of $959k and spending of $782k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $535k to $959k (+79%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 883%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mawazo Institute sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Regis High School Foundation ($959k), Child Development Center Inc ($959k) and Beach Park School Incorporated ($959k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $74k (9.5% of expenses). Other salaries and wages came to $256k. At year end it held assets of $319k against liabilities of $4,307, net assets of $315k. It reported 19 employees.