Mongil Corporation

Mongil Corporation consistently operates at a deficit, drawing down assets despite no reported officer compensation.

EIN: 10856707 · Linden, NJ · NTEE: L22 · Updated: 2026-03-27

$896KRevenue
$13.4MAssets
65/100Mission Score (Good)
L22

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Mongil Corporation Financial Summary
MetricValue
Total Revenue$896K
Total Expenses$1.2M
Program Spending70%
Net Assets$13.7M
Transparency Score65/100

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Mongil Corporation Form 990, Revenue, CEO Pay, and IRS Filing Signals

Mongil Corporation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Mongil Corporation in one place.

Form 990 Filing Summary

13 filing years are available, with latest revenue of $862K and expenses of $1.2M.

Revenue and Expenses

Mongil Corporation reported $862K in revenue and $1.2M in expenses, a deficit of $334K.

Executive Compensation

Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.

Charity Score and Red Flags

65/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.

Is Mongil Corporation Legit?

Some Concerns

GoodFiling Consistency
GoodSpending Efficiency
GoodTransparency
3 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

PendingDonor/Grant Funding
70%Program Expense
$0Grants Paid
13Stored Filing Years

Revenue Source Mix

Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.

Expense Deployment

Mongil Corporation Expense Deployment
Program services$837K (70%)

Across stored filings, Mongil Corporation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Mongil Corporation Donor Decision Matrix
Decision LensSignalWhat to Inspect Next
LegitimacySome ConcernsGood filing record; 3 red flags identified
Mission spend70% to programsGood
Financial durabilityGrade B13 stored filing years
Peer contextCompare with Dance For The Cure IncNew Jersey and Category L context

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Mongil Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Mongil Corporation

Mongil Corporation (EIN: 10856707) is a nonprofit organization based in Linden, NJ, classified under NTEE code L22. The organization reported total revenue of $896K and total assets of $13.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mongil Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

20Years Operating
SmallSize Classification
13Years of Filings
MixedRevenue Trajectory

Mongil Corporation is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.2%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Total Revenue$862K
Total Expenses$1.2M
Surplus / Deficit$-334,157
Total Assets$13.8M
Total Liabilities$134K
Net Assets$13.7M
Operating Margin-38.8%
Debt-to-Asset Ratio1.0%
Months of Reserves138.7 months

Financial Health Grade: B

In 2023, Mongil Corporation reported a deficit of $334K with expenses exceeding revenue, holds 138.7 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Mongil Corporation's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.

YearRevenue ChangeExpense ChangeAsset Change
2023-1.0%-4.8%-2.2%
2022+13.5%+4.9%-2.6%
2021-0.7%+3.7%-2.8%
2020-0.1%+2.8%-2.5%
2019+1.0%+3.8%-2.4%

IRS Tax-Exempt Classification

IRS Classification Codes1000
IRS Ruling Date2006

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mongil Corporation consistently reports no officer compensation, which is a positive indicator of financial transparency and a focus on mission over executive enrichment. However, the organization has consistently operated at a deficit, with expenses exceeding revenue in every reported period. For example, in 2023, expenses were $1,196,169 against revenues of $862,012, resulting in a deficit of over $334,000. This trend of spending more than it earns is a significant concern for long-term financial health, as it has led to a steady decline in assets from $17,171,328 in 2014 to $13,824,735 in 2023. While the organization maintains substantial assets, this continuous draw-down is unsustainable without a change in financial strategy. The organization's spending efficiency cannot be fully assessed without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. The lack of officer compensation suggests that administrative overhead might be low in that specific area, but overall efficiency remains unclear. The consistent deficits, despite substantial assets, suggest a need for improved financial management or a re-evaluation of its operational model to align expenses with revenue generation. The organization's transparency regarding executive compensation is excellent, but more detailed financial reporting on expense categories would enhance overall transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Mongil Corporation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

  • admin: 20%
  • programs: 70%
  • fundraising: 10%

According to IRS 990 filings, Mongil Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

$862KTotal Revenue
$1.2MTotal Expenses
$13.8MTotal Assets
$134KTotal Liabilities
$13.7MNet Assets
  • The organization reported a deficit of $334K, with expenses exceeding revenue.
  • Debt-to-asset ratio: 1.0%.

Executive Compensation Analysis

Mongil Corporation consistently reports 0% officer compensation across all available filings, indicating a strong commitment to directing funds towards its mission rather than executive salaries, which is highly commendable for an organization of its size.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Mongil Corporation's IRS 990 filings:

  • Consistent operational deficits (expenses exceeding revenue in all reported periods)
  • Steady decline in total assets over the past decade (from $17.1M in 2014 to $13.8M in 2023)
  • Lack of detailed expense breakdown (program, admin, fundraising) in provided data

Strengths

The following positive indicators were identified for Mongil Corporation:

  • No reported officer compensation, indicating strong financial transparency and mission focus
  • Substantial asset base ($13.8 million in 2023) providing a buffer despite deficits
  • Consistent filing history (13 filings) demonstrating compliance

Frequently Asked Questions about Mongil Corporation

Is Mongil Corporation a legitimate charity?

Mongil Corporation (EIN: 10856707) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $896K. 3 red flags identified. 3 strengths noted. Financial health grade: B.

How does Mongil Corporation spend its money?

Mongil Corporation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.

Are donations to Mongil Corporation tax-deductible?

Mongil Corporation is registered as a tax-exempt nonprofit (EIN: 10856707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

What percentage of Mongil Corporation's spending goes to programs?

Mongil Corporation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.

How does Mongil Corporation compare to similar nonprofits?

With a transparency score of 65/100 (Good), Mongil Corporation is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.

Where is Mongil Corporation located?

Mongil Corporation is headquartered in Linden, New Jersey and files with the IRS under EIN 10856707. It is classified under NTEE code L22.

How many years of IRS 990 filings does Mongil Corporation have?

Mongil Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $896K in total revenue.

Is Mongil Corporation financially sustainable?

Based on the provided data, Mongil Corporation is not financially sustainable in its current operational model, as it has consistently spent more than its revenue for at least the past decade, leading to a steady decline in assets.

What is the primary reason for the decline in assets?

The primary reason for the decline in assets is the consistent operational deficit, where annual expenses have exceeded annual revenues in every reported period, such as a $334,157 deficit in 2023.

How does Mongil Corporation fund its operations given the deficits?

Mongil Corporation appears to be funding its operational deficits by drawing down its substantial asset base, which has decreased from over $17 million in 2014 to $13.8 million in 2023.

Does Mongil Corporation have high administrative costs?

While specific administrative cost breakdowns are not provided, the consistent reporting of 0% officer compensation suggests that executive salaries are not contributing to high administrative overhead. However, overall administrative efficiency cannot be fully determined without more detailed expense categories.

Filing History

IRS 990 filing history for Mongil Corporation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Mongil Corporation's revenue has declined by 1.9%, moving from $879K to $862K. Total assets decreased by 24.7% over the same period, from $18.4M to $13.8M. Total functional expenses rose by 13.3%, from $1.1M to $1.2M. In its most recent filing year (2023), Mongil Corporation reported a deficit of $334K, with expenses exceeding revenue. The organization holds $134K in liabilities against $13.8M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $13.7M.

YearRevenueExpensesAssetsLiabilitiesOfficer Comp. %PDF
2023 $862K $1.2M $13.8M $134K View 990
2022 $871K $1.3M $14.1M $108K View 990
2021 $767K $1.2M $14.5M $99K View 990
2020 $773K $1.2M $14.9M $82K View 990
2019 $773K $1.1M $15.3M $81K View 990
2018 $765K $1.1M $15.7M $102K View 990
2017 $822K $1.2M $16.2M $672K View 990
2016 $796K $1.2M $16.4M $516K View 990
2015 $768K $1.2M $16.8M $150K View 990
2014 $958K $1.3M $17.2M $117K View 990
2013 $701K $1.1M $17.6M $178K View 990
2012 $703K $1.2M $17.9M $70K View 990
2011 $879K $1.1M $18.4M $63K View 990

Year-by-Year Financial Summary

  • 2023: Revenue of $862K, expenses of $1.2M, and assets of $13.8M (revenue -1.0% year-over-year).
  • 2022: Revenue of $871K, expenses of $1.3M, and assets of $14.1M (revenue +13.5% year-over-year).
  • 2021: Revenue of $767K, expenses of $1.2M, and assets of $14.5M (revenue -0.7% year-over-year).
  • 2020: Revenue of $773K, expenses of $1.2M, and assets of $14.9M (revenue -0.1% year-over-year).
  • 2019: Revenue of $773K, expenses of $1.1M, and assets of $15.3M (revenue +1.0% year-over-year).
  • 2018: Revenue of $765K, expenses of $1.1M, and assets of $15.7M (revenue -6.9% year-over-year).
  • 2017: Revenue of $822K, expenses of $1.2M, and assets of $16.2M (revenue +3.3% year-over-year).
  • 2016: Revenue of $796K, expenses of $1.2M, and assets of $16.4M (revenue +3.6% year-over-year).
  • 2015: Revenue of $768K, expenses of $1.2M, and assets of $16.8M (revenue -19.8% year-over-year).
  • 2014: Revenue of $958K, expenses of $1.3M, and assets of $17.2M (revenue +36.8% year-over-year).
  • 2013: Revenue of $701K, expenses of $1.1M, and assets of $17.6M (revenue -0.4% year-over-year).
  • 2012: Revenue of $703K, expenses of $1.2M, and assets of $17.9M (revenue -19.9% year-over-year).
  • 2011: Revenue of $879K, expenses of $1.1M, and assets of $18.4M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Mongil Corporation:

2023 Filing 2022 Filing 2021 Filing 2020 Filing 2019 Filing 2018 Filing 2017 Filing 2016 Filing 2015 Filing 2014 Filing 2013 Filing 2012 Filing 2011 Filing

Data Sources and Methodology

This transparency report for Mongil Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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