Moka Corporation

Analysis

Moka Corporation is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in June 1980, 46 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 September 2023, Moka Corporation reported income of $23.7m and spending of $24.1m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $20.1m to $23.7m (+18%), an average of +4.2% a year. The sharpest change came in the year to September 2022, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Moka Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Shalva Israel Assoc to Relieve the Handicapped Child and Family ($23.7m), Economic Opportunities Advancement Corporation of Planning Region XI ($23.7m) and Internet Archive ($23.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.4% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $234k (1.0% of expenses). Other salaries and wages came to $16.5m. At year end it held assets of $16.7m against liabilities of $5.1m, net assets of $11.6m. It reported 516 employees.