Mtofm Inc

Analysis

Mtofm Inc is a registered charity in United States, based in Manchester, NJ. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Mtofm Inc reported income of $469k and spending of $18k, leaving 96% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $145k to $469k (+224%), an average of +224% a year. The sharpest change came in the year to December 2023, when income rose by 224%. Over the whole period it spent 4.6% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mtofm Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 74th percentile within NJ. Charities of a similar size with the same main cause include Barry Wood Evangelistic Association Inc ($469k), International Society for Krishna Consciousness of Sacramento Inc ($470k) and Catherine of Siena Institute Inc ($469k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $626k against liabilities of $40k, net assets of $586k.