M & L Hong Foundation
Only null% goes to programs Strong reserves Growing revenue
M & L Hong Foundation is a 501(c)(3) organization based in Pennington, New Jersey, registered in 2018, with $2,952,869 in FY2024 revenue. CharityIndex grades it C+.
Po Box 1532, Pennington, NJ, 08534 EIN 83-6345283 Since 2018
Revenue (FY2024)
$3.0M
▼ 94.3% vs prior year
Human Services median: $293K
Expenses (FY2024)
$1.1M
Net assets
$54.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for M & L Hong Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating570 mo reserves · +61% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For M & L Hong Foundation: 570 mo reserves · +61% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for M & L Hong Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For M & L Hong Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- Po Box 1532, Pennington, NJ, 08534
- City
- Pennington
- State
- New Jersey
- Category
- Human Services
- Subcategory
- Support Foundations & Fundraising
Financial trends
Revenue grew from $0 (FY2019) to $3.0M (FY2024) across 6 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $54.6M
Operating margin
61.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$54.6M
Total liabilities
$0
Net assets
$54.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $2,952,869▼94.3% | $1,147,844▲858% | $54,570,103▲3.4% | $54,570,103▲3.4% | 990PF |
| 2023 | $52,021,815▲8937% | $119,853▲71.3% | $52,764,865▲5980% | $52,764,865▲5980% | 990PF |
| 2022 | $575,630▲1078% | $69,953▼85.2% | $867,826▲140% | $867,826▲140% | 990PF |
| 2021 | $48,880▼93.9% | $471,365▲2387% | $362,249▼55.7% | $362,249▼56.7% | 990PF |
| 2020 | $803,880 | $18,951 | $818,475 | $836,822 | 990PF |
| 2019 | $0 | $0 | $0 | $0 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is M & L Hong Foundation a legitimate nonprofit?
- Yes. M & L Hong Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 83-6345283, based in Pennington, New Jersey. Donations are tax-deductible.
- What is M & L Hong Foundation's EIN?
- M & L Hong Foundation's Employer Identification Number (EIN) is 83-6345283.
- How much revenue does M & L Hong Foundation report?
- M & L Hong Foundation reported $2,952,869 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does M & L Hong Foundation have?
- CharityIndex grades M & L Hong Foundation C+, based on financial health (reserves and operating margin).
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Data for M & L Hong Foundation (EIN 83-6345283) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.