Mifal Chesed Foundation Inc

Analysis

Mifal Chesed Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2014, 12 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mifal Chesed Foundation Inc reported income of $392k and spending of $372k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $287k to $392k (+36%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mifal Chesed Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include The Northwest Connecticut Community Foundation Trust ($392k), Heartland Coalition ($392k) and The Emma Alyson & Kate Hance Family Foundation Inc ($392k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $0, net assets of $50k.