Mjo Hope Foundation

Analysis

Mjo Hope Foundation is a registered charity in United States, based in Monrovia, CA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Mjo Hope Foundation reported income of $265k and spending of $185k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $228k to $265k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 72% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mjo Hope Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Real Recovery Inc ($265k), Merit Family Services ($265k) and Co Dependents Anonymous Inc ($265k).

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 $13k (7.0% of expenses). At year end it held assets of $0 against liabilities of $0, net assets of $0.