Leonard and Susan Fuchs Mizrachi School

Analysis

Leonard and Susan Fuchs Mizrachi School is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in January 1984, 42 years ago. 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 June 2023, Leonard and Susan Fuchs Mizrachi School reported income of $13.5m and spending of $14.5m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.1m to $13.5m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2021, when income rose by 21%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Leonard and Susan Fuchs Mizrachi School sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include School for Field Studies Inc ($13.5m), Help-New Mexico Inc ($13.5m) and Vincentian Collaborative System ($13.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $584k (4.0% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $57.9m against liabilities of $28.5m, net assets of $29.4m. It reported 139 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.