Meninak Foundation of Jacksonville

Analysis

Meninak Foundation of Jacksonville is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in April 1965, 61 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Meninak Foundation of Jacksonville reported income of $100k and spending of $80k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $309k to $100k (-68%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Meninak Foundation of Jacksonville sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Summit County Library Foundation ($100k), Achievement for Children with Challenges Empowered by School SCH ($100k) and Sigma Gamma Association ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $942k against liabilities of $0, net assets of $942k.