Mekong Inc

Analysis

Mekong Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in December 2016, 10 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, Mekong Inc reported income of $1.6m and spending of $1.5m, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.1m to $1.6m (+44%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 56%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mekong Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Stepping Stone Shelter for Women Incorporated ($1.6m), Covenant Hospice Foundation Inc ($1.6m) and Sozo SSS International Inc ($1.6m).

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 $93k (6.1% of expenses). Other salaries and wages came to $713k. At year end it held assets of $898k against liabilities of $75k, net assets of $824k. It reported 21 employees.