Menorah Park Foundation

Analysis

Menorah Park Foundation is a registered charity in United States, based in Beachwood, OH. It received its IRS tax-exemption ruling in January 1995, 31 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Menorah Park Foundation reported income of $4.7m and spending of $2.9m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $4.7m (+69%), an average of +14% a year. The sharpest change came in the year to June 2023, when income rose by 126%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Menorah Park Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within OH. Charities of a similar size with the same main cause include Crowley County Nursing Center ($4.7m), Home of New Vision ($4.7m) and Copper Shores Community Health Foundation ($4.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $244k (8.5% of expenses). Other salaries and wages came to $399k. At year end it held assets of $29.4m against liabilities of $664k, net assets of $28.8m.