Mikva Challenge Grant Foundation Inc

Analysis

Mikva Challenge Grant Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Mikva Challenge Grant Foundation Inc reported income of $6.2m and spending of $5.7m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $6.2m (+65%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 40%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mikva Challenge Grant Foundation Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Florida High School for Accelerated Learning - Miami-Dade Campus ($6.2m), Generacion Floreciente ($6.2m) and Two Rivers Community School ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $230k (4.1% of expenses). Other salaries and wages came to $2.9m. At year end it held assets of $6.8m against liabilities of $631k, net assets of $6.2m. It reported 156 employees.