Friends of Mukai

Analysis

Friends of Mukai is a registered charity in United States, based in Vashon, WA. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Friends of Mukai reported income of $175k and spending of $147k, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $301k to $175k (-42%), an average of -13% a year. The sharpest change came in the year to December 2021, when income rose by 159%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Mukai sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 47th percentile within WA. Charities of a similar size with the same main cause include Crosswalk Ministries USA Inc ($175k), Professional Development Institute Inc ($175k) and Derm Center ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $29k (20% of expenses). At year end it held assets of $1.9m against liabilities of $7,998, net assets of $1.9m.