Mil Mundos En Comun Ltd

Analysis

Mil Mundos En Comun Ltd is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mil Mundos En Comun Ltd reported income of $94k and spending of $90k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $48k to $94k (+98%), an average of +98% a year. The sharpest change came in the year to December 2023, when income rose by 98%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mil Mundos En Comun Ltd sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within NY. Charities of a similar size with the same main cause include Fairless Food Cupboard ($94k), Believe & Achieve Foundation ($94k) and Above the Call Womens Ministries ($94k).

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 $52k against liabilities of $2,429, net assets of $49k.