Makor Chaim USA Inc

Analysis

Makor Chaim USA Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Makor Chaim USA Inc reported income of $1.1m and spending of $1.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $222k to $1.1m (+401%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 218%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Makor Chaim USA Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Impact Network ($1.1m), International Mihr Foundation ($1.1m) and Malaria Partners International ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.5% of the total. At year end it held assets of $31k against liabilities of $2,506, net assets of $28k.