The Mainstay Foundation
To advance the muslim communities, organizations, and individuals in the united states of America by developing their intellectual, spiritual, social, and financial aspects, utilizing the most advanced methodologies and technologies.
The Mainstay Foundation at a glance
In short: The Mainstay Foundation gave $21K across 4 grants in 2024 (avg $5K), top state Minnesota. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $21,250
- -90.7% vs 2023
- Grants made (2024)
- 4
- Average grant
- $5,313
- Median grant
- $5,250
- Total assets
- $414,457
- +25.6% vs 2023
- Primary geography
- Minnesota (49% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026.
How to apply to The Mainstay Foundation
Open Grants
1 open opportunity from The Mainstay Foundation
Who The Mainstay Foundation funds
How this funder distributes its grants
Top Recipients
Top 4 recipients in 2024
The largest 2024 recipient was Islamic Jaffaria Association ($6K). Together the top 4 received $21K.
Grant Size Distribution
11 grants across all recorded years
The most common grant size was under $50K: 11 grants of 11 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 4 itemized grants.
Cities
How The Mainstay Foundation gives
- Giving held roughly steady from 2021 to 2024 (−14%). Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2024, annual grant giving ranged from $10K (2020) to $228K (2023). In 2024 it made 4 grants totaling $21K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Islamic Jaffaria Association Miami, FL | — | $5,500 |
| Al-Ghadeer Benevolent Foundation North Bergen, NJ | — | $5,250 |
| Anjuman E Asghari Brooklyn Park, MN | — | $5,250 |
| Imam Hussain Islamic Center Brooklyn Center, MN | — | $5,250 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $414,457 | $1,018,793 | $934,315 | $21,250 | 4 | $40 |
| 2023 | $329,940 | $1,031,941 | $1,095,651 | $228,481 | Total only | $39 |
| 2022 | $465,421 | $1,290,829 | $1,136,352 | $20,750 | 3 | $40 |
| 2021 | $217,685 | $447,664 | $382,264 | $24,750 | 4 | — |
| 2020 | $131,829 | $177,433 | $225,675 | $10,000 | Total only | — |
| 2019 | $165,275 | $371,769 | $401,791 | $65,500 | Total only | — |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About The Mainstay Foundation
Based on IRS filings
The Mainstay Foundation is a public charity focused on public and societal benefit, based in Dearborn, MI. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $414K in total assets. In 2024, it awarded 4 grants totaling $21K. Net investment income was $40.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
The Mainstay Foundation is led by Khodr Hamka, President on every filing since 2019; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Khodr Hamka
President
On filings since 2019
2 hrs/week
No compensation reported
Abathar Tajaldeen
Director
On filings since 2023
2 hrs/week
No compensation reported
Jalal Moughania
Treasurer
On filings since 2019
2 hrs/week
No compensation reported
Mohamed Ali Banoon
Secretary
On filings since 2019
2 hrs/week
No compensation reported
Former officers (1)
- Former: Abathar Alkudari (2020) — Executive Di
Data from IRS Form 990 filings, 2019–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about The Mainstay Foundation
How much does The Mainstay Foundation give each year?
The Mainstay Foundation gave $21K across 4 grants in 2024, according to its 2024 IRS Form 990. In 2023 it reported $228K in grants paid.
What is The Mainstay Foundation's typical grant size?
The Mainstay Foundation's median grant in 2024 was $5,250, and its average grant was $5,313, across 4 grants on its 2024 IRS Form 990.
Where does The Mainstay Foundation give grants?
The Mainstay Foundation's top state is Minnesota, with 49% of the grant dollars itemized on its 2024 IRS Form 990. The next largest states were Florida (26%) and New Jersey (25%).
How large is The Mainstay Foundation?
The Mainstay Foundation reported $414K in total assets on its 2024 IRS Form 990. Its revenue that year was $1.0M.
What is The Mainstay Foundation?
The Mainstay Foundation is a public charity focused on public and societal benefit, based in Dearborn, MI. It holds $414K in total assets as of 2024.
What is The Mainstay Foundation's EIN?
The Mainstay Foundation's EIN (Employer Identification Number) is 46-4286586. IRS Form 990 filing data is available on this page for 2019–2024.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS June 3, 2020)
- Updated Form 990 for fiscal year 2020 (received by the IRS May 10, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS June 2, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS July 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS May 17, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 7, 2025)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in The Mainstay Foundation's focus areas in our free grants database
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Figures come from The Mainstay Foundation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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