Microaid International Inc

Analysis

Microaid International Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Microaid International Inc reported income of $81k and spending of $82k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $87k to $81k (-6.7%), an average of -6.7% a year. Over the whole period it spent 100% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Microaid International Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Washington Township Vol Fireman Relief Assoc ($81k), Oradell Volunteer Fire Department ($81k) and Lubbock Professional Firefighters Association Charitable Foundation ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $147k against liabilities of $32k, net assets of $115k.