Mohai Foundation

Analysis

Mohai Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 1992, 34 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mohai Foundation reported income of $340k and spending of $622k, spending 183% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $328k to $340k (+3.7%), an average of +0.9% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 194% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mohai Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WA. Charities of a similar size with the same main cause include Family Support Center of Uintah Basin ($340k), N B C-U S a Housing Inc Eleven ($340k) and South Carolina First Steps to School Readiness Board of Trustees ($340k).

At year end it held assets of $13.7m against liabilities of $3,887, net assets of $13.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.