770 Moshiach Community Center Inc

Analysis

770 Moshiach Community Center Inc is a registered charity in United States, based in Lauderhill, FL. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 770 Moshiach Community Center Inc reported income of $3.3m and spending of $2.8m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.3m (+72%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 770 Moshiach Community Center Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within FL. Charities of a similar size with the same main cause include Dudley Street Neighborhood Initiative Inc ($3.3m), Fac Center Local Development Corp ($3.3m) and Oregon Tradeswomen Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $305k. At year end it held assets of $4.8m against liabilities of $283k, net assets of $4.5m. It reported 10 employees.