Masbia

Analysis

Masbia is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 June 2022, Masbia reported income of $3.3m and spending of $3.6m, spending 111% of what it took in. Across the 5 years on record, from June 2018 to June 2022, income grew from $1.7m to $3.3m (+95%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 51%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Masbia sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Dallas County System of Services Inc ($3.3m), Stepping Stones Childrens Center ($3.3m) and Foundation Fund ($3.3m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $267k (7.3% of expenses). Other salaries and wages came to $481k. At year end it held assets of $90k against liabilities of $670k, net assets of -$579k. It reported 9 employees.