Almahdi Foundation Inc

Analysis

Almahdi Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1997, 29 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Almahdi Foundation Inc reported income of $232k and spending of $235k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $316k to $232k (-27%), an average of -7.4% a year. The sharpest change came in the year to December 2021, when income dropped by 38%. Over the whole period it spent 117% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Almahdi Foundation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Cee of Los Angeles Inc ($232k), Mikvah Chana Inc ($232k) and Digital Bibles for the World ($232k).

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 $410k against liabilities of $0, net assets of $410k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.