Mitzva Tank NYC Inc

Analysis

Mitzva Tank NYC Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2022, 4 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, Mitzva Tank NYC Inc reported income of $56k and spending of $56k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $9,116 to $56k (+520%), an average of +520% a year. The sharpest change came in the year to December 2023, when income rose by 520%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mitzva Tank NYC Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Inhabitants of Praise ($56k), Citywide Prayer Movement ($57k) and SMP Global ($56k).

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 $515 against liabilities of $0, net assets of $515.