Mesivta of Coral Springs

Analysis

Mesivta of Coral Springs is a registered charity in United States, based in Coral Springs, FL. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Mesivta of Coral Springs reported income of $1.1m and spending of $1.5m, spending 134% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $4.0m to $1.1m (-73%), an average of -48% a year. The sharpest change came in the year to December 2021, when income dropped by 78%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mesivta of Coral Springs sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Fiorello H LA Guardia Community College Association Inc ($1.1m), University Temple Childrens School ($1.1m) and The Eagle Institute ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $120k (8.2% of expenses). Other salaries and wages came to $285k. At year end it held assets of $4.8m against liabilities of $1.9m, net assets of $2.9m. It reported 8 employees.