M&g Etomi Foundation

Analysis

M&g Etomi Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 2014, 12 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, M&g Etomi Foundation reported income of $138k and spending of $110k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $138k (+12%), an average of +3.0% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 102% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, M&g Etomi Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NC. Charities of a similar size with the same main cause include Helping Hand Relief for the Poor ($138k), Hansi Ministries ($138k) and Turkish American Society of Minnesota ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $18k (17% of expenses). At year end it held assets of $5,694 against liabilities of $5,694, net assets of $0.