Monira Foundation

Analysis

Monira Foundation is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Monira Foundation reported income of $381k and spending of $430k, spending 113% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $165k to $381k (+131%), an average of +32% a year. The sharpest change came in the year to December 2021, when income rose by 405%. Over the whole period it spent 77% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Monira Foundation sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Bonita Bay Veterans Council ($381k), American Players Theatre Foundation Inc ($381k) and Civil Righteousness Inc ($381k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $121k (28% of expenses). Other salaries and wages came to $159k. At year end it held assets of $452k against liabilities of $21k, net assets of $432k. It reported 4 employees.