Mondays at Racine Inc

Analysis

Mondays at Racine Inc is a registered charity in United States, based in Sayville, NY. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2024, Mondays at Racine Inc reported income of $581k and spending of $623k, spending 107% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $290k to $581k (+101%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 62%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mondays at Racine Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Arkansas Justice Collective Aiding Survivors of Trafficking and Child ($581k), Trident Literacy Association Inc ($582k) and Burlingame High School Parents Group Inc ($581k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% of the total. Compensation of current officers, directors and key employees was $196k (31% of expenses). Other salaries and wages came to $216k. At year end it held assets of $436k against liabilities of $0, net assets of $436k. It reported 10 employees.