Misaskim Corp

Analysis

Misaskim Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover human services, 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 December 2023, Misaskim Corp reported income of $1.5m and spending of $2.8m, spending 183% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $1.5m (-52%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Misaskim Corp sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Call a Ride Service Inc ($1.5m), Sun Valley Youth Center Inc ($1.5m) and Adoption Assistance Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $111k (4.0% of expenses). Other salaries and wages came to $431k. At year end it held assets of $894k against liabilities of $1.3m, net assets of -$372k. It reported 10 employees.