Memorial Foundation for Jewish Culture Inc

Analysis

Memorial Foundation for Jewish Culture Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1967, 59 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 September 2023, Memorial Foundation for Jewish Culture Inc reported income of $1.4m and spending of $1.8m, spending 127% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $985k to $1.4m (+44%), an average of +9.6% a year. The sharpest change came in the year to September 2021, when income rose by 52%. Over the whole period it spent 115% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Memorial Foundation for Jewish Culture Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Blanton Peale Graduate Institute Inc ($1.4m), Kingdom Fire Ministries ($1.4m) and Foundations Christian Montessori Academy of Sarasota Inc ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 49% of the total. Compensation of current officers, directors and key employees was $280k (15% of expenses). Other salaries and wages came to $220k. It paid $48k in professional fundraising fees. At year end it held assets of $21.2m against liabilities of $687k, net assets of $20.5m. It reported 4 employees.