Friends of Mayanot Institute Inc

Analysis

Friends of Mayanot Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Friends of Mayanot Institute Inc reported income of $2.2m and spending of $2.6m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.4m to $2.2m (-50%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 148%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Mayanot Institute Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include United Way of Allen County Inc ($2.2m), The Friends of Foster Care ($2.2m) and Middletown Community Foundation ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $93k (3.6% of expenses). Other salaries and wages came to $6,875. At year end it held assets of $702k against liabilities of $174k, net assets of $528k. It reported 2 employees.