Musaadah Charity

Analysis

Musaadah Charity is a registered charity in United States, based in Newbury Park, CA. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Musaadah Charity reported income of $274k and spending of $268k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $338k to $274k (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2020, when income dropped by 20%. Over the whole period it spent 134% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Musaadah Charity sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Healy Senior Center of Southern Humboldt Inc ($274k), American College of Physicians ($274k) and National Steinbeck Center ($274k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $50k (19% of expenses). Other salaries and wages came to $4,140. At year end it held assets of $2,395 against liabilities of $180k, net assets of -$178k. It reported 1 employees.