Madani Memorial Inc

Analysis

Madani Memorial Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in June 2001, 25 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, Madani Memorial Inc reported income of $455k and spending of $449k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $347k to $455k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Madani Memorial Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Life Giving Resources Inc ($455k), Journey Quest ($455k) and Open Door Ministries of High Point Foundation Inc ($455k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $103k, net assets of -$89k.