Morasha Olami Inc

Analysis

Morasha Olami Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in November 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, Morasha Olami Inc reported income of $71.5m and spending of $47.5m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $36.0m to $71.5m (+99%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 105%. Over the whole period it spent 88% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Morasha Olami Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NJ. Charities of a similar size with the same main cause include Rise Against Hunger ($71.3m), Relief International Inc ($72.5m) and Medical Teams International ($70.5m).

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 $491k (1.0% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $27.8m against liabilities of $715k, net assets of $27.1m. It reported 76 employees.