Yad Michael Charity Inc

Analysis

Yad Michael Charity Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 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, Yad Michael Charity Inc reported income of $200k and spending of $201k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $200k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 67%. 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, Yad Michael Charity Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Erika Ender Heartlight Foundation Inc ($200k), Luesther T Mertz Charitable TR ($200k) and Quince Orchard High School Booster Club ($200k).

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 $58k against liabilities of $0, net assets of $58k.