Magen Abraham Yeshiva Inc

Analysis

Magen Abraham Yeshiva Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 August 2022, Magen Abraham Yeshiva Inc reported income of $7.3m and spending of $1.7m, leaving 76% of income unspent that year. Across the 4 years on record, from August 2019 to August 2022, income grew from $740k to $7.3m (+884%), an average of +114% a year. The sharpest change came in the year to August 2022, when income rose by 669%. Over the whole period it spent 39% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Magen Abraham Yeshiva Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Roman Catholic Communications Corporation of the Bay Area ($7.3m), Macedonian Ministry Foundation Inc ($7.3m) and International Christian Embassy Jerusalem ($7.3m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 92% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $100k (5.7% of expenses). Other salaries and wages came to $414k. It paid $62k in professional fundraising fees. At year end it held assets of $5.8m against liabilities of $0, net assets of $5.8m. It reported 2 employees.