Heichal Menachem of Lakewood

Analysis

Heichal Menachem of Lakewood is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Heichal Menachem of Lakewood reported income of $119k and spending of $287k, spending 241% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $483k to $119k (-75%), an average of -75% a year. The sharpest change came in the year to December 2022, when income dropped by 75%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Heichal Menachem of Lakewood sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Seton Foundation Inc ($119k), For All Saints Team Ministries ($119k) and Light of the World Evangelization Ministries ($119k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 92% of the total. At year end it held assets of $402k against liabilities of $334k, net assets of $68k.