Mustakis Charitable Network Foundation Inc

Analysis

Mustakis Charitable Network Foundation Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in June 2018, 8 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Mustakis Charitable Network Foundation Inc reported income of $85k and spending of $143k, spending 169% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income grew from $65k to $85k (+30%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 30%. Over the whole period it spent 208% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mustakis Charitable Network Foundation Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Skal Philanthropic Fund ($85k), Hannah Peretsman Breene Foundation ($85k) and Elmhurst Childrens Assistance Foundation Inc ($85k).

At year end it held assets of $2.3m against liabilities of $3,375, net assets of $2.3m.