Musab Cultural Center Corp

Analysis

Musab Cultural Center Corp is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Musab Cultural Center Corp reported income of $75k and spending of $64k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $33k to $75k (+126%), an average of +126% a year. The sharpest change came in the year to December 2023, when income rose by 126%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Musab Cultural Center Corp sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Congregation Yemei Teshuva Inc ($75k), Mission Hope Ministries ($75k) and Four Corners Ministries Inc ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.