Maysharim Inc

Analysis

Maysharim Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Maysharim Inc reported income of $1.1m and spending of $788k, leaving 31% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $346k to $1.1m (+232%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 212%. Over the whole period it spent 62% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Maysharim Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include St Lukes Methodist Church Foundation Inc 3471 Westheimer RD ($1.1m), Christs Hope and Reconciliation Ministry ($1.1m) and South Lake Community Ministries Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $35k (4.5% of expenses). Other salaries and wages came to $470k. At year end it held assets of $2.2m against liabilities of $120k, net assets of $2.0m. It reported 3 employees.