American Friends of Magen Hayeled

Analysis

American Friends of Magen Hayeled is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in April 2023, 3 years ago. Its declared purposes cover education, which this site groups under education and training. 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, American Friends of Magen Hayeled reported income of $54k and spending of $53k, spending 99% of its income. Across the 4 years on record, from December 2018 to December 2023, income grew from $33k to $54k (+61%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 778%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Friends of Magen Hayeled sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include William Milton Davis Elementary School Foundation Inc ($54k), Hansen Foundation for Education ($54k) and Valencia High School Soccer Booster Club ($54k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2,483 against liabilities of $0, net assets of $2,483.