Mikvah USA Inc

Analysis

Mikvah USA Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2006, 20 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 December 2023, Mikvah USA Inc reported income of $6.3m and spending of $8.0m, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $6.3m (+95%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mikvah USA Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Path of Life Ministries ($6.3m), Forefront Living ($6.4m) and Toy Gun Films Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $503k (6.3% of expenses). Other salaries and wages came to $242k. At year end it held assets of $2.0m against liabilities of $65k, net assets of $1.9m. It reported 14 employees.