Sephardic Mikveh of Midwood Inc

Analysis

Sephardic Mikveh of Midwood Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2016, 10 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, Sephardic Mikveh of Midwood Inc reported income of $1.4m and spending of $28k, leaving 98% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $29k to $1.4m (+4656%), an average of +163% a year. The sharpest change came in the year to December 2020, when income rose by 1832%. Over the whole period it spent 3.4% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Sephardic Mikveh of Midwood Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include One Spirit Learning Alliance Ltd ($1.4m), Street Corner Ministries Matthew 22 9 Inc ($1.4m) and Loaves & Fishes Ministries ($1.4m).

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 $8.1m against liabilities of $950k, net assets of $7.2m.