Michael J Mungo Foundation Inc

Organization Overview

Michael J Mungo Foundation Inc is located in Irmo, SC. The organization was established in 2008. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Michael J Mungo Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Michael J Mungo Foundation Inc generated $4.2m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 18.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2017, Michael J Mungo Foundation Inc has awarded 242 individual grants totaling $6,332,219. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $20,000
Interest on Savings $43
Dividends & Interest $793,721
Net Rental Income$0
Net Gain on Sale of Assets $3,336,306
Capital Gain Net Income $3,336,306
Net ST Capital Gain $127,024
Income Modifications $0
Profit on Inventory Sales $0
Other Income $533
Total Revenue $4,150,603

Grants Awarded

Over the last fiscal year, Michael J Mungo Foundation Inc has awarded $2,044,817 in support to 49 organizations.

Grant RecipientAmount

MIDLANDS HOUSING ALLOWANCE

Org PageRecipient Profile

Columbia, SC

PURPOSE: OPERATING COSTS

$275,000

CAMP COLE

PURPOSE: SUMMER CAMP/COMMUNITY BUILDER

$251,000

USC EDUCATIONAL FOUNDATION

PURPOSE: TEACHING AWARDS

$190,000

Columbia, SC

PURPOSE: AFFORDABLE HOUSING

$150,000

IRMO CHAPIN RECREATION COMMISSION

PURPOSE: PROPERTY FOR PARK

$135,000

HARVEST HOPE FOOD BANK

PURPOSE: OPERATING COSTS

$125,000
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