Masbia of Boro Park

Analysis

Masbia of Boro Park is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2023, Masbia of Boro Park reported income of $4.1m and spending of $4.1m, spending 101% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $1.0m to $4.1m (+306%), an average of +32% a year. The sharpest change came in the year to June 2020, when income rose by 140%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Masbia of Boro Park sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Mountain Meadows Inc ($4.1m), Transition Services Inc ($4.1m) and Feed the Need Foundation for Rural Oklahoma ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $349k. At year end it held assets of $154k against liabilities of $502k, net assets of -$348k. It reported 5 employees.