Almustaqbal Foundation

Analysis

Almustaqbal Foundation is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Almustaqbal Foundation reported income of $567k and spending of $1.3m, spending 222% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income grew from $13k to $567k (+4436%), an average of +160% a year. The sharpest change came in the year to July 2020, when income rose by 11425%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Almustaqbal Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Sylvia Bozeman and Rhonda Hughes Edge Foundation ($567k), Mission Education Projects Inc ($567k) and Quiroga Foundation ($567k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.