Mihraab Foundation

Analysis

Mihraab Foundation is a registered charity in United States, based in Lynnwood, WA. It received its IRS tax-exemption ruling in December 2015, 11 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, Mihraab Foundation reported income of $417k and spending of $348k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $258k to $417k (+62%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 74% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mihraab Foundation sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within WA. Charities of a similar size with the same main cause include Mena Kdec Ministries ($417k), Roots of Reform Judaism Inc ($417k) and Sapientia Education Association Inc ($417k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.5% of the total. Compensation of current officers, directors and key employees was $92k (27% of expenses). Other salaries and wages came to $30k. At year end it held assets of $581k against liabilities of $0, net assets of $581k. It reported 3 employees.