Daughters of Miriam Foundation Inc

Analysis

Daughters of Miriam Foundation Inc is a registered charity in United States, based in Clifton, NJ. It received its IRS tax-exemption ruling in April 1985, 41 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Daughters of Miriam Foundation Inc reported income of $24.9m and spending of $414k, leaving 98% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $873k to $24.9m (+2753%), an average of +131% a year. The sharpest change came in the year to December 2023, when income rose by 7606%. Over the whole period it spent 7.4% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Daughters of Miriam Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Midway USA Foundation Inc ($24.9m), Greater Salina Community Foundation ($24.9m) and Cal State Fullerton Philanthropic Foundation ($24.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $33.3m against liabilities of $512k, net assets of $32.8m.