Mona Foundation

Analysis

Mona Foundation is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in January 2000, 26 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, Mona Foundation reported income of $3.2m and spending of $2.6m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.2m (+63%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 34%. 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, Mona Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include Expect Miracles Foundation ($3.2m), Disability Advocates of Kent County ($3.2m) and Chasdei Yisroel Inc ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $130k (5.0% of expenses). Other salaries and wages came to $283k. At year end it held assets of $5.9m against liabilities of $41k, net assets of $5.9m. It reported 7 employees.