Maskeel El Daz Society Inc

Analysis

Maskeel El Daz Society Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1983, 43 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, Maskeel El Daz Society Inc reported income of $1.1m and spending of $579k, leaving 49% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $924k to $1.1m (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 56% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Maskeel El Daz Society Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Prospect Silicon Valley ($1.1m), Spanish Peaks Community Foundation ($1.1m) and Groundwork Richmond Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.9m against liabilities of $0, net assets of $3.9m.