Question 1

What is the mission of THE MAINSTAY FOUNDATION?

Accepted Answer

The Mainstay Foundation primarily awards grants to organisations to assist them in their activities in line with the objectives of the charity.  The objective of the charity is to assist the advancement of Shia Muslim communities globally in the areas of Religion, Education and Development. The Mainstay Foundation also establish some initiatives, such as events, in line with its objectives.

Question 2

What is the financial size of THE MAINSTAY FOUNDATION?

Accepted Answer

THE MAINSTAY FOUNDATION is classified as a large charity. In the latest financial year, they reported a total income of £5,717,006 and total expenditure of £5,147,426.

Question 3

How does THE MAINSTAY FOUNDATION allocate its spending?

Accepted Answer

For every pound spent, approximately 99.9% goes directly to charitable activities. The remaining 0.1% is spent on raising funds and administration. This is higher than the median for similar-sized charities (97.8%).

Question 4

What is the workforce structure of THE MAINSTAY FOUNDATION?

Accepted Answer

THE MAINSTAY FOUNDATION employs 13 staff members and is supported by 20 volunteers.

Question 5

Does THE MAINSTAY FOUNDATION receive government funding?

Accepted Answer

To a small extent. Approximately 0.0% of their income comes from government grants or contracts.

Question 6

Does THE MAINSTAY FOUNDATION pay its trustees?

Accepted Answer

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

THE MAINSTAY FOUNDATION

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