Melvin S Cohen Trust Fbo Minneapolis Fed for Jewish Service

Analysis

Melvin S Cohen Trust Fbo Minneapolis Fed for Jewish Service is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in November 1981, 45 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending November 2023, Melvin S Cohen Trust Fbo Minneapolis Fed for Jewish Service reported income of $2.3m and spending of $3.1m, spending 136% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $1.1m to $2.3m (+103%), an average of +19% a year. The sharpest change came in the year to November 2020, when income rose by 139%. Over the whole period it spent 136% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Melvin S Cohen Trust Fbo Minneapolis Fed for Jewish Service sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within WI. Charities of a similar size with the same main cause include The Womens Resource of Greater Houston ($2.3m), Peacehealth St John Medical Center Foundation ($2.3m) and Lions of Illinois Endowment Fund ($2.2m).

Compensation of current officers, directors and key employees was $220k (7.2% of expenses). At year end it held assets of $60.5m against liabilities of $0, net assets of $60.5m.

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.