Mei Fong and Associates

Analysis

Mei Fong and Associates is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in May 1987, 39 years ago. 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 June 2023, Mei Fong and Associates reported income of $5.1m and spending of $4.8m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.0m to $5.1m (+69%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mei Fong and Associates sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Senior Resource Development Agency Pueblo Inc ($5.1m), New Life Family Services ($5.1m) and Rio Concho Inc ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $352k (7.4% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.0m against liabilities of $475k, net assets of $4.5m. It reported 75 employees.