Menachem Education Foundation Inc

Analysis

Menachem Education Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Menachem Education Foundation Inc reported income of $1.8m and spending of $1.7m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $502k to $1.8m (+257%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 90%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Menachem Education Foundation Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Child Development Center Inc ($1.8m), Mother Catherine Academy Inc ($1.8m) and Cyclones Amateur Hockey Association ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $141k (8.5% of expenses). Other salaries and wages came to $271k. At year end it held assets of $868k against liabilities of $285k, net assets of $584k. It reported 5 employees.