Memon Organization of North America

Analysis

Memon Organization of North America is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Memon Organization of North America reported income of $64k and spending of $73k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $64k (+11%), an average of +11% a year. Over the whole period it spent 132% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Memon Organization of North America sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within CA. Charities of a similar size with the same main cause include Borrego Springs Rotary Foundation ($64k), Chinese Mutual Aid International Network ($64k) and Tullahoma Lions Club Charities ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.