Miyad Inc

Analysis

Miyad Inc is a registered charity in United States, based in Surfside, FL. It received its IRS tax-exemption ruling in August 2022, 4 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, Miyad Inc reported income of $122k and spending of $128k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $17k to $122k (+625%), an average of +625% a year. The sharpest change came in the year to December 2023, when income rose by 625%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Miyad Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 46th percentile within FL. Charities of a similar size with the same main cause include LTW Global Initiatives Inc ($122k), The Pool of Bethesda Christian Center ($122k) and Global Opportunites for Christ ($122k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $405 against liabilities of $6,369, net assets of -$5,964.