Mifal Hafatza Inc

Analysis

Mifal Hafatza Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2018, 8 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, Mifal Hafatza Inc reported income of $302k and spending of $332k, spending 110% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $257k to $302k (+18%), an average of +5.6% a year. The sharpest change came in the year to December 2022, when income rose by 32%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mifal Hafatza Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Academy for International School Heads ($302k), The Crayon Initiative ($302k) and Machik Corp ($302k).

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 $19k (5.7% of expenses). At year end it held assets of $97k against liabilities of $8,056, net assets of $89k. It reported 1 employees.