Monica K Young Foundation Inc

Analysis

Monica K Young Foundation Inc is a registered charity in United States, based in Aberdeen, NJ. It received its IRS tax-exemption ruling in August 2023, 3 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 December 2023, Monica K Young Foundation Inc reported income of $100k and spending of $50k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $100k (+18%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 28% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Monica K Young Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 44th percentile within NJ. Charities of a similar size with the same main cause include Vein of Galen Malformation Support Network Inc ($100k), Hope Helping Others Progress Through Education ($100k) and Burn Survivors of New England ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. At year end it held assets of $133k against liabilities of $0, net assets of $133k.