Migdal Foundation Inc

Analysis

Migdal 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 human services, which this site groups under poverty relief. 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, Migdal Foundation Inc reported income of $510k and spending of $256k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $398k to $510k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2023, when income rose by 3102%. Over the whole period it spent 27% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Migdal Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Farmers for Sustainable Food ($510k), Friends of the Poor Inc ($510k) and Little Hawks Childcare Center Inc ($510k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $2.2m against liabilities of $138k, net assets of $2.0m.