Friends of Mosdot Goor Inc

Analysis

Friends of Mosdot Goor Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Friends of Mosdot Goor Inc reported income of $20.1m and spending of $20.5m, spending 102% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $12.0m to $20.1m (+67%), an average of +14% a year. The sharpest change came in the year to August 2023, when income rose by 41%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Mosdot Goor Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Indian Creek School Incorporated ($20.1m), North Carolina Central University Foundation Inc ($20.1m) and Cibecue Community Education Board I NC ($20.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $185k (0.9% of expenses). Other salaries and wages came to $69k. At year end it held assets of $397k against liabilities of $628k, net assets of -$230k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.