Miqlat Inc

Analysis

Miqlat Inc is a registered charity in United States, based in Campo, CA. It received its IRS tax-exemption ruling in September 2004, 22 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, Miqlat Inc reported income of $373k and spending of $281k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $552k to $373k (-32%), an average of -9.3% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 78% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Miqlat Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Episcopal Seniors Foundation ($373k), 420 Fire Ministries Inc ($373k) and Grove Street Mikvah Inc ($373k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (25% of expenses). At year end it held assets of $975k against liabilities of $0, net assets of $975k.