Midrash Lman Achai

Analysis

Midrash Lman Achai is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Midrash Lman Achai reported income of $717k and spending of $703k, spending 98% of its income. Across the 5 years on record, from August 2018 to August 2023, income grew from $572k to $717k (+25%), an average of +5.8% a year. The sharpest change came in the year to August 2022, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Midrash Lman Achai sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Foundation for Rhode Island Dayschools ($717k), Together Austin ($717k) and Clevelawn ($717k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $1.4m against liabilities of $1.0m, net assets of $314k.