Mekong Multiply Inc

Analysis

Mekong Multiply Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mekong Multiply Inc reported income of $269k and spending of $273k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $111k to $269k (+143%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 94%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mekong Multiply Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within KY. Charities of a similar size with the same main cause include Ebenezer Shepherding Ministries of Africa Inc ($269k), CDM International ($269k) and Refuge KC Inc ($269k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 0.5% of the total. Other salaries and wages came to $95k. At year end it held assets of $86k against liabilities of $1,879, net assets of $84k. It reported 2 employees.