Mifal Mayunes Inc

Analysis

Mifal Mayunes Inc is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in August 2017, 9 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, Mifal Mayunes Inc reported income of $2.0m and spending of $1.9m, spending 96% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $992k to $2.0m (+97%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mifal Mayunes Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Jesus Real Inc ($2.0m), Queen City PRC Inc ($2.0m) and Hope Builders International ($2.0m).

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 $22k (1.2% of expenses). Other salaries and wages came to $135k. At year end it held assets of $1.4m against liabilities of $1.0m, net assets of $375k. It reported 6 employees.