Maimonides Way

Analysis

Maimonides Way is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2016, 10 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 July 2024, Maimonides Way reported income of $214k and spending of $222k, spending 104% of its income. Across the 5 years on record, from December 2019 to July 2024, income grew from $81k to $214k (+164%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 134%. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Maimonides Way sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Transformation Living Center Inc ($214k), Dundalk Muslim Association Inc ($214k) and Alodawpyie Bodhi Sukha Dhamma Meditation Monastery California ($214k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.