Markazul Huda Inc

Analysis

Markazul Huda Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Markazul Huda Inc reported income of $99k and spending of $91k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $2,120 to $99k (+4572%), an average of +4572% a year. The sharpest change came in the year to December 2023, when income rose by 4572%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Markazul Huda Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Pan Am Historical Foundation Inc ($99k), Peiying Chinese School Inc ($99k) and Omotesenke Domonkai Eastern Region USA Inc ($99k).

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 $63k against liabilities of $0, net assets of $63k.