Menorah Housing Foundation

Analysis

Menorah Housing Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Menorah Housing Foundation reported income of $4.9m and spending of $1.9m, leaving 60% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.5m to $4.9m (+95%), an average of +18% a year. The sharpest change came in the year to August 2023, when income rose by 65%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Menorah Housing Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Central Detroit Christian Community Development Corporation ($4.9m), Long Ridge School Inc ($4.9m) and Developmental Services Continuum Inc ($4.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 15% and program service revenue 79% of the total. Other salaries and wages came to $982k. At year end it held assets of $31.3m against liabilities of $13.0m, net assets of $18.3m. It reported 57 employees.