Renee Parker Monihan Foundation Inc

Analysis

Renee Parker Monihan Foundation Inc is a registered charity in United States, based in Ocean City, NJ. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Renee Parker Monihan Foundation Inc reported income of $224k and spending of $208k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $49k to $224k (+358%), an average of +358% a year. The sharpest change came in the year to December 2023, when income rose by 358%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Renee Parker Monihan Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 63rd percentile within NJ. Charities of a similar size with the same main cause include Feeding the Fosters Inc ($224k), Veda Foundation ($224k) and Heartland Chamber Music Ltd ($224k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.