Grove Street Mikvah Inc

Analysis

Grove Street Mikvah Inc is a registered charity in United States, based in Cedarhurst, NY. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 July 2023, Grove Street Mikvah Inc reported income of $373k and spending of $703k, spending 189% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income fell from $502k to $373k (-26%), an average of -9.4% a year. The sharpest change came in the year to July 2022, when income dropped by 20%. Over the whole period it spent 144% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Grove Street Mikvah Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include First Baptist Church Kingston ($373k), Episcopal Seniors Foundation ($373k) and Worldwide Marriage Encounter - Section 21 Inc ($373k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 3.1% and program service revenue 97% of the total. Other salaries and wages came to $208k. At year end it held assets of $6.5m against liabilities of $1.0m, net assets of $5.4m. It reported 20 employees.

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.