Menorah Ministries Inc

Analysis

Menorah Ministries Inc is a registered charity in United States, based in Palm Harbor, FL. It received its IRS tax-exemption ruling in August 1984, 42 years ago. 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, Menorah Ministries Inc reported income of $191k and spending of $202k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $134k to $191k (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Menorah Ministries Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Pirates Inc ($191k), Builders Association Educational and Scholarship Foundation ($191k) and Mount Airy Rescue Squad Incorporated ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $41k (20% of expenses). At year end it held assets of $22k against liabilities of $0, net assets of $22k.