Maisha Meds Inc

Analysis

Maisha Meds Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2022, Maisha Meds Inc reported income of $6.9m and spending of $3.8m, leaving 44% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.9m to $6.9m (+271%), an average of +55% a year. The sharpest change came in the year to December 2022, when income rose by 119%. Over the whole period it spent 64% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Maisha Meds Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Watoto Child Care Ministry Inc ($6.9m), Financing Alliance for Health ($6.9m) and Tigray Development Association in North America ($6.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $424k (11% of expenses). Other salaries and wages came to $118k. At year end it held assets of $5.8m against liabilities of $132k, net assets of $5.6m. It reported 8 employees.