Menare Foundation Inc

Analysis

Menare Foundation Inc is a registered charity in United States, based in Germantown, MD. It received its IRS tax-exemption ruling in November 2000, 26 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, Menare Foundation Inc reported income of $122k and spending of $65k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $107k to $122k (+14%), an average of +14% a year. Over the whole period it spent 75% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Menare Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 43rd percentile within MD. Charities of a similar size with the same main cause include Koshare Indian Museum Inc ($122k), Working in Concert ($122k) and Zajaczek Dance Ensemble ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.