Masbia of Flatbush

Analysis

Masbia of Flatbush 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 Flatbush reported income of $2.9m and spending of $2.8m, spending 98% of its income. Across the 6 years on record, from June 2018 to June 2023, income grew from $1.2m to $2.9m (+135%), an average of +19% a year. The sharpest change came in the year to June 2020, when income rose by 144%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Masbia of Flatbush 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 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Community Living Alternatives Incorporated ($2.9m), Serve All Ny Inc ($2.9m) and Urban Growers Collective Inc ($2.9m).

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 $289k. At year end it held assets of $47k against liabilities of $316k, net assets of -$269k. It reported 10 employees.