Muindi Foundation Inc

Analysis

Muindi Foundation Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in October 2018, 8 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 June 2024, Muindi Foundation Inc reported income of $104k and spending of $93k, spending 89% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $94k to $104k (+11%), an average of +11% a year. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Muindi Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 40th percentile within CA. Charities of a similar size with the same main cause include Leonardo Edward Shrestha Foundation ($104k), Freedom Center ($104k) and Roots for the Home Team ($104k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $54k against liabilities of $7,298, net assets of $47k.