Medinova Ny Inc

Analysis

Medinova Ny Inc is a registered charity in United States, based in New City, NY. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Medinova Ny Inc reported income of $147k and spending of $204k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $194k to $147k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2020, when income dropped by 51%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Medinova Ny Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Agape Way ($147k), Semper Fi Community Task Force ($147k) and UN Mundo ($147k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $471k against liabilities of $44k, net assets of $428k.