Friends of Yeshivat Mishkan Shelomo Vener Michael Inc

Analysis

Friends of Yeshivat Mishkan Shelomo Vener Michael Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 October 2023, Friends of Yeshivat Mishkan Shelomo Vener Michael Inc reported income of $986k and spending of $905k, spending 92% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $398k to $986k (+147%), an average of +25% a year. The sharpest change came in the year to October 2021, when income rose by 32%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Yeshivat Mishkan Shelomo Vener Michael Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include McDonalds Playworld Community Development Inc ($986k), Teen Challenge of Nevada Inc ($986k) and Partnership Academy Association ($986k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $428k against liabilities of $0, net assets of $428k.