Masbia of Queens

Analysis

Masbia of Queens is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2010, 16 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 Queens reported income of $2.8m and spending of $2.7m, spending 98% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $901k to $2.8m (+206%), an average of +25% a year. The sharpest change came in the year to June 2021, when income rose by 111%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Masbia of Queens sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Gateway to Hope Ministries Inc ($2.8m), Hope Community Center Inc ($2.8m) and Friendship Centers of Emmet County ($2.8m).

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 $219k. At year end it held assets of $228k against liabilities of $101k, net assets of $127k. It reported 7 employees.