Mongolian Asia Reach Inc

Analysis

Mongolian Asia Reach Inc is a registered charity in United States, based in Pisgah Forest, NC. It received its IRS tax-exemption ruling in November 2004, 22 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, Mongolian Asia Reach Inc reported income of $307k and spending of $215k, leaving 30% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $203k to $307k (+51%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mongolian Asia Reach Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within NC. Charities of a similar size with the same main cause include 4pa ($306k), One Need Inc ($307k) and Nelson County Pantry Inc ($306k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $112k. At year end it held assets of $389k against liabilities of $2,296, net assets of $387k. It reported 3 employees.