Mayrim Inc

Analysis

Mayrim Inc is a registered charity in United States, based in Far Rockaway, NY. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Mayrim Inc reported income of $98k and spending of $109k, spending 111% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income grew from $94k to $98k (+4.2%), an average of +4.2% a year. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mayrim Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Society of St Vincent de Paul St Benedicts Conference ($98k), Living Faith Foundation ($98k) and Masonic Charities of Delaware Inc ($98k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $65k against liabilities of $5,918, net assets of $60k.