Migdal Oz

Analysis

Migdal Oz is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 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, Migdal Oz reported income of $3.1m and spending of $3.6m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.1m (+115%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 103%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Migdal Oz sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Stand to Reason ($3.1m), Restoreokc Inc ($3.2m) and The Samaritan Center Inc ($3.1m).

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 $198k against liabilities of $0, net assets of $198k.