Muna Social Services Inc

Analysis

Muna Social Services Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover human services, 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 2023, Muna Social Services Inc reported income of $4.5m and spending of $4.4m, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.5m to $4.5m (+194%), an average of +194% a year. The sharpest change came in the year to December 2023, when income rose by 194%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Muna Social Services Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include New London Homeless Hospitalitycenter Inc ($4.5m), Shared Journeys ($4.5m) and Friends of Camp Anokijig Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $73k. At year end it held assets of $946k against liabilities of $598k, net assets of $348k. It reported 2 employees.