Yeshiva of Machzikai Hadas Inc

Analysis

Yeshiva of Machzikai Hadas Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2008, 18 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 June 2023, Yeshiva of Machzikai Hadas Inc reported income of $8.0m and spending of $5.5m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $8.0m (+82%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Yeshiva of Machzikai Hadas Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Powerpoint Ministries ($8.0m), Frontline Response International Inc ($8.0m) and Open Doors International USA Inc ($7.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $40k (0.7% of expenses). Other salaries and wages came to $891k. At year end it held assets of $11.9m against liabilities of $1.8m, net assets of $10.1m. It reported 38 employees.