Musigmaphi Foundation NFP

Analysis

Musigmaphi Foundation NFP is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Musigmaphi Foundation NFP reported income of $123k and spending of $96k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $96k to $123k (+28%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 53% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Musigmaphi Foundation NFP sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 40th percentile within NC. Charities of a similar size with the same main cause include Counseling for Brazil Ministries Inc ($123k), Five24 Inc ($123k) and The Coffee Trust ($123k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. At year end it held assets of $646k against liabilities of $0, net assets of $646k.