Maqasid Institute

Analysis

Maqasid Institute is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Maqasid Institute reported income of $260k and spending of $273k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $260k to $260k (+0.1%), an average of +0.1% a year. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Maqasid Institute sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Luke Garrison Foundation ($260k), Kentucky Executive Mansions Foundation ($261k) and Mesa County RSVP Inc ($260k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.4% of the total. Compensation of current officers, directors and key employees was $162k (59% of expenses). At year end it held assets of $27k against liabilities of $0, net assets of $27k.