Minarets Foundation Inc

Analysis

Minarets Foundation Inc is a registered charity in United States, based in O Neals, CA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Minarets Foundation Inc reported income of $190k and spending of $129k, leaving 32% of income unspent that year. Across the 3 years on record, from June 2019 to June 2023, income fell from $233k to $190k (-19%), an average of -9.7% a year. The sharpest change came in the year to June 2022, when income dropped by 25%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Minarets Foundation Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Haworth Home and School Association Inc ($190k), Virginia Congress of Parents and Teachers Association ($190k) and Massachusetts Foreign Language Association Inc ($190k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 29% of the total. At year end it held assets of $186k against liabilities of $0, net assets of $186k.