Magid Mishna Inc

Analysis

Magid Mishna Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2017, 9 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 June 2023, Magid Mishna Inc reported income of $421k and spending of $451k, spending 107% of what it took in. Across the 5 years on record, from August 2019 to June 2023, income fell from $421k to $421k (-0.0%), an average of +-0.0% a year. Over the whole period it spent 112% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Magid Mishna Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Rockingham Council of Bible Education Inc ($420k), Baptist Christian Camp of California ($421k) and Jabbock Ministries Inc ($420k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7.8m against liabilities of $5.1m, net assets of $2.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.