Muna Academy Inc

Analysis

Muna Academy Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2023, 3 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 2023, Muna Academy Inc reported income of $143k and spending of $97k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $143k (+94%), an average of +94% a year. The sharpest change came in the year to December 2023, when income rose by 94%. Over the whole period it spent 80% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Muna Academy Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include Good Samaritan Center of Hope ($143k), Rabbinical Organization-Chabad Lubavitch Inc ($143k) and Process Skateboard Ministry ($143k).

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 $76k against liabilities of $0, net assets of $76k.