Muslims Giving Back Inc

Analysis

Muslims Giving Back Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Muslims Giving Back Inc reported income of $985k and spending of $608k, leaving 38% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $163k to $985k (+505%), an average of +82% a year. The sharpest change came in the year to December 2020, when income rose by 188%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Muslims Giving Back Inc sits at the 75th percentile: it is larger than about 75% 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 Canine Support Teams Inc ($985k), Community Support Brokerage ($985k) and Ryans House for Youth ($985k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $753k against liabilities of $242k, net assets of $511k.