Michael M Kameo Foundation Inc

Analysis

Michael M Kameo Foundation Inc is a registered charity in United States, based in Long Branch, NJ. It received its IRS tax-exemption ruling in July 2021, 5 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 December 2023, Michael M Kameo Foundation Inc reported income of $186k and spending of $264k, spending 142% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $298k to $186k (-38%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Michael M Kameo Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 59th percentile within NJ. Charities of a similar size with the same main cause include Little Compton Food Bank ($186k), Basils Harvest ($186k) and Etuti Institute ($186k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $170k against liabilities of $8,400, net assets of $162k.