Le Mondo Inc

Analysis

Le Mondo Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 2017, 9 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 (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, Le Mondo Inc reported income of $285k and spending of $206k, leaving 28% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $491k to $285k (-42%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 61%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Le Mondo Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include Just Communities of Arkansas ($285k), Indiana Glass Arts Alliances ($285k) and Ridgewood Nepalese Soceity Inc ($285k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $60k (29% of expenses). Other salaries and wages came to $25k. At year end it held assets of $644k against liabilities of $175, net assets of $644k. It reported 2 employees.