Mongolia Education Foundation

Analysis

Mongolia Education Foundation is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in July 2013, 13 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, Mongolia Education Foundation reported income of $96k and spending of $136k, spending 141% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $211k to $96k (-54%), an average of -32% a year. The sharpest change came in the year to December 2023, when income rose by 169%. Over the whole period it spent 126% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mongolia Education Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include Black Culinarian Alliance Inc ($96k), Class Source of Tampa Inc ($96k) and Swtexas Popularamerican Culture Association Company ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,509 against liabilities of $0, net assets of $2,509.