Munathara Initiative

Analysis

Munathara Initiative is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in September 2017, 9 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, Munathara Initiative reported income of $2.6m and spending of $2.5m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $588k to $2.6m (+347%), an average of +45% a year. The sharpest change came in the year to December 2020, when income rose by 261%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Munathara Initiative sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Michael and Mauritia Patcha Foundation Inc ($2.6m), International Leadership of Texas - Global ($2.6m) and Junior Achievement of New Jersey ($2.6m).

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 $235k (9.4% of expenses). Other salaries and wages came to $993k. At year end it held assets of $392k against liabilities of $17k, net assets of $375k. It reported 1 employees.