MN Foundation Inc

Analysis

MN Foundation Inc is a registered charity in United States, based in Setauket, NY. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, MN Foundation Inc reported income of $269k and spending of $9,825, leaving 96% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income grew from $200k to $269k (+34%), an average of +34% a year. The sharpest change came in the year to September 2023, when income rose by 34%. Over the whole period it spent 4.4% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, MN Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Collective Action for Safe Space ($269k), Nepm Foundation Inc ($269k) and Gaucher Community Alliance ($269k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $473k against liabilities of $9,799, net assets of $463k.