Masbia Of Boro Park
EIN: 263851559 · Brooklyn, NY · NTEE: K35
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $4.1M |
| Net Assets | $-348,261 |
Is Masbia Of Boro Park Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Masbia Of Boro Park
Masbia Of Boro Park (EIN: 263851559) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code K35. The organization reported total revenue of $2.7M and total assets of $157K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Masbia Of Boro Park's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Masbia Of Boro Park is a mid-size nonprofit that has been operating for 13 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 29.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.1M |
| Total Expenses | $4.1M |
| Surplus / Deficit | $-32,526 |
| Total Assets | $154K |
| Total Liabilities | $502K |
| Net Assets | $-348,261 |
| Operating Margin | -0.8% |
| Debt-to-Asset Ratio | 326.7% |
| Months of Reserves | 0.4 months |
Financial Health Grade: D
In 2023, Masbia Of Boro Park reported a deficit of $33K with expenses exceeding revenue, holds 0.4 months of operating reserves (limited), has a debt-to-asset ratio of 326.7% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Masbia Of Boro Park's revenue has grown at a compound annual growth rate (CAGR) of 29.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -42.5% | -44.0% | +41.4% |
| 2022 | +39.6% | +46.0% | -9.6% |
| 2021 | +119.1% | +102.1% | -45.1% |
| 2020 | +140.0% | +148.5% | +58.1% |
| 2019 | -3.8% | +1.3% | -10.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Masbia Of Boro Park has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Masbia Of Boro Park with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
- Debt-to-asset ratio: 326.7%.
Frequently Asked Questions about Masbia Of Boro Park
Is Masbia Of Boro Park a legitimate charity?
Masbia Of Boro Park (EIN: 263851559) is a registered tax-exempt nonprofit based in New York. It has 14 years of IRS 990 filings on record. Total revenue: $2.7M. No red flags identified. Financial health grade: D.
How does Masbia Of Boro Park spend its money?
Masbia Of Boro Park reported $2.7M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Masbia Of Boro Park tax-deductible?
Masbia Of Boro Park is registered as a tax-exempt nonprofit (EIN: 263851559). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Masbia Of Boro Park located?
Masbia Of Boro Park is headquartered in Brooklyn, New York and files with the IRS under EIN 263851559. It is classified under NTEE code K35.
How many years of IRS 990 filings does Masbia Of Boro Park have?
Masbia Of Boro Park has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.7M in total revenue.
Filing History
IRS 990 filing history for Masbia Of Boro Park showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Masbia Of Boro Park's revenue has grown by 2653.9%, moving from $148K to $4.1M. Total assets increased by 23823.8% over the same period, from $642 to $154K. Total functional expenses rose by 2209.7%, from $178K to $4.1M. In its most recent filing year (2023), Masbia Of Boro Park reported a deficit of $33K, with expenses exceeding revenue. The organization holds $502K in liabilities against $154K in assets (debt-to-asset ratio: 326.7%), resulting in net assets of $-348,261.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.1M | $4.1M | $154K | $502K | — | — |
| 2022 | $7.1M | $7.3M | $109K | $424K | — | View 990 |
| 2021 | $5.1M | $5.0M | $120K | $188K | — | View 990 |
| 2020 | $2.3M | $2.5M | $219K | $341K | — | View 990 |
| 2019 | $964K | $999K | $139K | $92K | — | View 990 |
| 2018 | $1.0M | $986K | $155K | $77K | — | View 990 |
| 2017 | $443K | $406K | $161K | $105K | — | View 990 |
| 2016 | $373K | $322K | $88K | $69K | — | View 990 |
| 2015 | $393K | $417K | $21K | $51K | — | View 990 |
| 2014 | $533K | $508K | $30K | $36K | — | View 990 |
| 2013 | $335K | $346K | $1K | $32K | — | View 990 |
| 2012 | $310K | $293K | $328 | $19K | — | View 990 |
| 2011 | $314K | $313K | $459 | $44K | — | View 990 |
| 2010 | $148K | $178K | $642 | $46K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.1M, expenses of $4.1M, and assets of $154K (revenue -42.5% year-over-year).
- 2022: Revenue of $7.1M, expenses of $7.3M, and assets of $109K (revenue +39.6% year-over-year).
- 2021: Revenue of $5.1M, expenses of $5.0M, and assets of $120K (revenue +119.1% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.5M, and assets of $219K (revenue +140.0% year-over-year).
- 2019: Revenue of $964K, expenses of $999K, and assets of $139K (revenue -3.8% year-over-year).
- 2018: Revenue of $1.0M, expenses of $986K, and assets of $155K (revenue +126.6% year-over-year).
- 2017: Revenue of $443K, expenses of $406K, and assets of $161K (revenue +18.6% year-over-year).
- 2016: Revenue of $373K, expenses of $322K, and assets of $88K (revenue -5.1% year-over-year).
- 2015: Revenue of $393K, expenses of $417K, and assets of $21K (revenue -26.2% year-over-year).
- 2014: Revenue of $533K, expenses of $508K, and assets of $30K (revenue +59.2% year-over-year).
- 2013: Revenue of $335K, expenses of $346K, and assets of $1K (revenue +8.0% year-over-year).
- 2012: Revenue of $310K, expenses of $293K, and assets of $328 (revenue -1.5% year-over-year).
- 2011: Revenue of $314K, expenses of $313K, and assets of $459 (revenue +112.8% year-over-year).
- 2010: Revenue of $148K, expenses of $178K, and assets of $642.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Masbia Of Boro Park:
Data Sources and Methodology
This transparency report for Masbia Of Boro Park is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.