Middle East Investment Initiative Inc

Analysis

Middle East Investment Initiative Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2006, 20 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Middle East Investment Initiative Inc reported income of $3.2m and spending of $2.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $3.2m (+5.1%), an average of +1.2% a year. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Middle East Investment Initiative Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 74th percentile within DC. Charities of a similar size with the same main cause include First American Capital Corporation Inc ($3.2m), Jobpath Inc ($3.2m) and Maine Development Foundation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $1.1m (37% of expenses). Other salaries and wages came to $612k. At year end it held assets of $3.0m against liabilities of $1.6m, net assets of $1.4m. It reported 3 employees.