Midrash David Foundation Inc

Analysis

Midrash David Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2014, 12 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 July 2024, Midrash David Foundation Inc reported income of $226k and spending of $247k, spending 109% of what it took in. Across the 5 years on record, from July 2020 to July 2024, income fell from $404k to $226k (-44%), an average of -14% a year. The sharpest change came in the year to July 2021, when income rose by 50%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Midrash David Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Our Lady of the Snows Foundation Inc ($226k), Mishkahn David ($226k) and Red River Institute of History Inc ($226k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.