Moadon Kol Chadash

Analysis

Moadon Kol Chadash is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Moadon Kol Chadash reported income of $1.4m and spending of $1.5m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.9m to $1.4m (-26%), an average of -7.3% a year. The sharpest change came in the year to June 2022, when income dropped by 18%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Moadon Kol Chadash 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 83rd percentile, and in the 82nd percentile within IL. Charities of a similar size with the same main cause include Veritas Academy Inc ($1.4m), International Coach Federation Foundation ($1.4m) and Hadar South Florida High School for Girls Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $128k (8.5% of expenses). At year end it held assets of $745k against liabilities of $727k, net assets of $18k. It reported 24 employees.