Mecca Center Endowment Fund

Analysis

Mecca Center Endowment Fund is a registered charity in United States, based in Willowbrook, IL. It received its IRS tax-exemption ruling in April 2020, 6 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, Mecca Center Endowment Fund reported income of $1.5m and spending of $331k, leaving 78% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.9m to $1.5m (-19%), an average of -6.7% a year. The sharpest change came in the year to December 2023, when income rose by 743%. Over the whole period it spent 9.4% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mecca Center Endowment Fund sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Big Rock Foundation Inc ($1.5m), Arizona Coyotes Foundation ($1.5m) and Ohio County Community Foundation Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.4% of the total. At year end it held assets of $4.1m against liabilities of $714k, net assets of $3.4m.