The Masooli Project Inc

Analysis

The Masooli Project Inc is a registered charity in United States, based in Simsbury, CT. It received its IRS tax-exemption ruling in April 1982, 44 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Masooli Project Inc reported income of $86k and spending of $71k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $58k to $86k (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Masooli Project Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within CT. Charities of a similar size with the same main cause include Lightforce International Ministries Inc ($86k), Eacypaa Inc ($86k) and Jump for Kids ($86k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.