Mrny Qalicb Inc

Analysis

Mrny Qalicb Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2019, 7 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 supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mrny Qalicb Inc reported income of $3.8m and spending of $33k, leaving 99% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $44k to $3.8m (+8550%), an average of +205% a year. The sharpest change came in the year to December 2023, when income rose by 984%. Over the whole period it spent 3.9% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mrny Qalicb Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Greater Greenbrier Valley Community Foundation ($3.8m), Puerto Rico Community Foundation Inc ($3.8m) and Venice Family Clinic Foundation ($3.8m).

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 $35.8m against liabilities of $30.8m, net assets of $4.9m.