Misaskim Corp
Misaskim Corp shows fluctuating annual finances with occasional deficits and no reported executive compensation.
EIN: 203957164 · Brooklyn, NY · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $2.8M |
| Program Spending | 85% |
| Net Assets | $-371,808 |
| Transparency Score | 85/100 |
Is Misaskim Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Misaskim Corp directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Misaskim Corp
Misaskim Corp (EIN: 203957164) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code P20. The organization reported total revenue of $3.4M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Misaskim Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Misaskim Corp is a mid-size nonprofit that has been operating for 18 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-1,250,402 |
| Total Assets | $894K |
| Total Liabilities | $1.3M |
| Net Assets | $-371,808 |
| Operating Margin | -82.6% |
| Debt-to-Asset Ratio | 141.6% |
| Months of Reserves | 3.9 months |
Financial Health Grade: C
In 2023, Misaskim Corp reported a deficit of $1.3M with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 141.6% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Misaskim Corp's revenue has grown at a compound annual growth rate (CAGR) of 0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -66.9% | -30.2% | -23.2% |
| 2022 | +62.6% | +63.4% | +52.2% |
| 2021 | +20.7% | +16.4% | -3.5% |
| 2020 | -25.5% | -30.5% | +35.0% |
| 2019 | +9.4% | +13.0% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Misaskim Corp with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Misaskim Corp allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 141.6%.
Executive Compensation Analysis
Misaskim Corp consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive sign regarding the allocation of funds directly to the organization's mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Misaskim Corp's IRS 990 filings:
- Expenses exceeded revenue in the 202312 period by over $1.2 million, indicating a significant operating deficit for that year.
- Liabilities have frequently exceeded assets in several filing periods (e.g., 2023, 2020, 2019, 2018, 2017, 2016, 2015, 2014), suggesting a potentially high debt burden or reliance on short-term obligations.
Strengths
The following positive indicators were identified for Misaskim Corp:
- Consistent reporting of 0% officer compensation across all 14 filings, demonstrating a strong commitment to mission-focused spending.
- Overall growth in assets from $235,380 in 2015 to $1,131,100 currently, indicating long-term financial development.
- Significant revenue generation, with the latest revenue at $3,407,871 and a peak of $4,571,240 in 2022, showing strong donor support.
Frequently Asked Questions about Misaskim Corp
Is Misaskim Corp a legitimate charity?
Misaskim Corp (EIN: 203957164) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.4M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Misaskim Corp spend its money?
Misaskim Corp directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Misaskim Corp tax-deductible?
Misaskim Corp is registered as a tax-exempt nonprofit (EIN: 203957164). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Misaskim Corp's spending goes to programs?
Misaskim Corp directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Misaskim Corp compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Misaskim Corp is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Misaskim Corp located?
Misaskim Corp is headquartered in Brooklyn, New York and files with the IRS under EIN 203957164. It is classified under NTEE code P20.
How many years of IRS 990 filings does Misaskim Corp have?
Misaskim Corp 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 $3.4M in total revenue.
Is Misaskim Corp a good charity?
Based on the available data, Misaskim Corp appears to be a good charity, particularly due to its consistent reporting of 0% officer compensation, suggesting a strong commitment to its mission. While there are fluctuations in annual revenue and expenses, and some periods show liabilities exceeding assets, the overall trend in assets is positive, and the lack of executive compensation is a significant strength.
Why did expenses exceed revenue in 2023?
In the 202312 period, Misaskim Corp reported revenue of $1,513,077 and expenses of $2,763,479, resulting in a deficit of over $1.2 million for that year. This could be due to various factors such as increased program demand, one-time capital expenditures, or a temporary dip in donations. Further detailed financial statements would be needed to understand the specific reasons.
What is the trend in Misaskim Corp's assets and liabilities?
Misaskim Corp's assets have generally grown over the past decade, from $235,380 in 2015 to $1,131,100 currently. However, liabilities have also been substantial, sometimes exceeding assets, such as in 2023 ($1,265,666 liabilities vs. $893,858 assets) and several prior years. This indicates a reliance on borrowed funds or outstanding obligations.
Filing History
IRS 990 filing history for Misaskim Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Misaskim Corp's revenue has grown by 3.7%, moving from $1.5M to $1.5M. Total assets increased by 228.6% over the same period, from $272K to $894K. Total functional expenses rose by 108.1%, from $1.3M to $2.8M. In its most recent filing year (2023), Misaskim Corp reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $894K in assets (debt-to-asset ratio: 141.6%), resulting in net assets of $-371,808.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $2.8M | $894K | $1.3M | — | — |
| 2022 | $4.6M | $4.0M | $1.2M | $285K | — | — |
| 2021 | $2.8M | $2.4M | $765K | $500K | — | — |
| 2020 | $2.3M | $2.1M | $792K | $917K | — | View 990 |
| 2019 | $3.1M | $3.0M | $587K | $960K | — | View 990 |
| 2018 | $2.9M | $2.6M | $610K | $1.1M | — | View 990 |
| 2017 | $2.5M | $2.4M | $511K | $1.2M | — | View 990 |
| 2016 | $1.9M | $1.8M | $249K | $1.1M | — | — |
| 2015 | $1.4M | $1.6M | $235K | $1.3M | — | View 990 |
| 2014 | $1.6M | $1.8M | $454K | $1.3M | — | View 990 |
| 2013 | $1.8M | $1.9M | $279K | $902K | — | View 990 |
| 2012 | $1.5M | $1.6M | $227K | $797K | — | View 990 |
| 2011 | $1.8M | $1.9M | $254K | $724K | — | View 990 |
| 2010 | $1.5M | $1.3M | $272K | $676K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $2.8M, and assets of $894K (revenue -66.9% year-over-year).
- 2022: Revenue of $4.6M, expenses of $4.0M, and assets of $1.2M (revenue +62.6% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.4M, and assets of $765K (revenue +20.7% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.1M, and assets of $792K (revenue -25.5% year-over-year).
- 2019: Revenue of $3.1M, expenses of $3.0M, and assets of $587K (revenue +9.4% year-over-year).
- 2018: Revenue of $2.9M, expenses of $2.6M, and assets of $610K (revenue +12.3% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.4M, and assets of $511K (revenue +31.5% year-over-year).
- 2016: Revenue of $1.9M, expenses of $1.8M, and assets of $249K (revenue +35.4% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.6M, and assets of $235K (revenue -10.9% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.8M, and assets of $454K (revenue -13.3% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.9M, and assets of $279K (revenue +23.3% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.6M, and assets of $227K (revenue -16.3% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.9M, and assets of $254K (revenue +22.7% year-over-year).
- 2010: Revenue of $1.5M, expenses of $1.3M, and assets of $272K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Misaskim Corp:
Data Sources and Methodology
This transparency report for Misaskim Corp 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.