Friends of Michlalah Yerushalayim

Analysis

Friends of Michlalah Yerushalayim is a registered charity in United States, based in New City, NY. It received its IRS tax-exemption ruling in October 1997, 29 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 August 2023, Friends of Michlalah Yerushalayim reported income of $300k and spending of $355k, spending 118% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $202k to $300k (+49%), an average of +10% a year. The sharpest change came in the year to August 2020, when income rose by 97%. Over the whole period it spent 110% 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 Michlalah Yerushalayim sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include North Louisiana Jewish Federation ($300k), Heart of Hope India ($300k) and Immaculate Conception Endowment Fund Inc ($300k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 83% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $41k (11% of expenses). Other salaries and wages came to $18k. At year end it held assets of $1.4m against liabilities of $494k, net assets of $955k. It reported 3 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.