Melanoid Nation Foundation

Analysis

Melanoid Nation Foundation is a registered charity in United States, based in Chatsworth, CA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Melanoid Nation Foundation reported income of $785k and spending of $761k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $327k to $785k (+140%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 134%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Melanoid Nation Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Jamestown Renaissance Corporation ($785k), Coffee with a Cause ($785k) and Downtown Community Partnership Bid ($784k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $30k (4.0% of expenses). Other salaries and wages came to $19k. At year end it held assets of $2.7m against liabilities of $1.3m, net assets of $1.4m.