Maoona Inc

Analysis

Maoona Inc is a registered charity in United States, based in Palm Bay, FL. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Maoona Inc reported income of $75k and spending of $75k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $75k (+3.3%), an average of +3.3% a year. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Maoona Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include Sos Operation Espoirinc ($75k), International Community Initiatives Inc ($75k) and Malachis Message ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,999 against liabilities of $0, net assets of $1,999.