Morasha Vadaat Menuchat Olamim Inc

Analysis

Morasha Vadaat Menuchat Olamim Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Morasha Vadaat Menuchat Olamim Inc reported income of $1.3m and spending of $1.4m, spending 101% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $859k to $1.3m (+56%), an average of +9.3% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Morasha Vadaat Menuchat Olamim Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include American Friends of Biala Institutions of Bnei Brak Israel ($1.3m), Off the Wall Ministry ($1.3m) and Society of Saint Pius X Foreign Missions TR ($1.3m).

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 $11k against liabilities of $381k, net assets of -$370k.

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.