Missions Education Fund Inc

Analysis

Missions Education Fund Inc is a registered charity in United States, based in Yonkers, NY. It received its IRS tax-exemption ruling in March 2019, 7 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 (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, Missions Education Fund Inc reported income of $83k and spending of $43k, leaving 48% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $42k to $83k (+95%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Missions Education Fund 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 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Greater Pittsburgh Automobile Dealers Foundation ($83k), Robert and Louise Bossardt Trust ($83k) and Each One Counts Foundation Inc ($83k).

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 $65k against liabilities of $0, net assets of $65k.