Miaseen Inc

Analysis

Miaseen Inc is a registered charity in United States, based in Daly City, CA. It received its IRS tax-exemption ruling in September 2021, 5 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, Miaseen Inc reported income of $201k and spending of $132k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $279k to $201k (-28%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Miaseen Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Light House Cafe Ministries of the ($201k), Food Bank of Sweetwater County ($201k) and Hart Pantry ($201k).

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 $88k against liabilities of $3,100, net assets of $85k.