Minhaj Welfare Foundation USA Inc

Analysis

Minhaj Welfare Foundation USA Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 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 2023, Minhaj Welfare Foundation USA Inc reported income of $994k and spending of $369k, leaving 63% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $463k to $994k (+115%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 58% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Minhaj Welfare Foundation USA Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Iqra Fund ($992k), Hope International Inc ($994k) and Peaceworks Network Foundation ($991k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $600k, net assets of $906k.