American Friends of Midreshet Harova

Analysis

American Friends of Midreshet Harova is a registered charity in United States, based in Woodmere, NY. It received its IRS tax-exemption ruling in March 2018, 8 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, American Friends of Midreshet Harova reported income of $339k and spending of $800k, spending 236% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $339k (+289%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 81%. Over the whole period it spent 200% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, American Friends of Midreshet Harova sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 60th percentile within NY. Charities of a similar size with the same main cause include Colorado Conservatory for the Jazz Arts ($339k), Hacienda of Hope Foundation ($339k) and Quincy Medical Group Healthcare Foundation ($339k).

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 $2.1m against liabilities of $3.2m, net assets of -$1.1m.

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.