Monat Gratitude Inc

Analysis

Monat Gratitude Inc is a registered charity in United States, based in Doral, FL. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Monat Gratitude Inc reported income of $2.3m and spending of $2.3m, spending 99% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.7m to $2.3m (+33%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 109%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Monat Gratitude Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Leadership Foundations ($2.3m), Wepower ($2.3m) and New Manayunk Corp ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $187k. At year end it held assets of $139k against liabilities of $92k, net assets of $47k.