Mikveh Israel Inc

Analysis

Mikveh Israel Inc is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in August 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mikveh Israel Inc reported income of $312k and spending of $331k, spending 106% of what it took in. Across the 6 years on record, from September 2017 to September 2023, income grew from $213k to $312k (+46%), an average of +7.9% a year. The sharpest change came in the year to September 2022, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mikveh Israel Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include King of Kings International Ministry Inc ($312k), Lombard Mennonite Peace Center ($312k) and Calling Ministry Inc ($312k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.