Muslim American Society of New Yorkinc

Analysis

Muslim American Society of New Yorkinc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Muslim American Society of New Yorkinc reported income of $796k and spending of $794k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $398k to $796k (+100%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 81%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Muslim American Society of New Yorkinc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Silakkuagvik Communication Inc ($796k), Choristers Guild ($796k) and New Native Theatre ($796k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $318k. At year end it held assets of $872k against liabilities of $30k, net assets of $842k. It reported 25 employees.