Congregation Magen David of Manhattan

Analysis

Congregation Magen David of Manhattan is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Congregation Magen David of Manhattan reported income of $769k and spending of $761k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $531k to $769k (+45%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 33%. Over the whole period it spent 104% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Congregation Magen David of Manhattan 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 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include I2 Ministries Inc ($769k), Macedonia African Methodist Episcopal Church Inc ($770k) and Triumph Outreach Ministry ($768k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $224k. At year end it held assets of $63k against liabilities of $10k, net assets of $52k. It reported 1 employees.