Menucha Chesed Services Corp

Analysis

Menucha Chesed Services Corp 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 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 2022, Menucha Chesed Services Corp reported income of $359k and spending of $2.1m, spending 584% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $3.1m to $359k (-89%), an average of -51% a year. The sharpest change came in the year to December 2020, when income dropped by 75%. Over the whole period it spent 160% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Menucha Chesed Services Corp sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include First Generation Investors ($359k), Magical Beginnings Early Childhood Center Inc ($359k) and Missouri Elks Benevolent Trust Inc ($359k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 66% and program service revenue 34% of the total. Other salaries and wages came to $243k. At year end it held assets of $21k against liabilities of $2.3m, net assets of -$2.3m. It reported 25 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.