Mono No Aware Inc

Analysis

Mono No Aware Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Mono No Aware Inc reported income of $751k and spending of $795k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $296k to $751k (+154%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 95% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Mono No Aware Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Momentum-Excellence Inc ($751k), Garage Cultural Inc ($751k) and Friends of John Jay Homestead ($751k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $90k (11% of expenses). At year end it held assets of $242k against liabilities of $55k, net assets of $187k. It reported 1 employees.