Minchas Asher Foundation

Analysis

Minchas Asher Foundation is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in February 2006, 20 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, Minchas Asher Foundation reported income of $2.5m and spending of $1.5m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $884k to $2.5m (+185%), an average of +30% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 60% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Minchas Asher Foundation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Avila Foundation ($2.5m), Remerge Inc ($2.5m) and Your Move Collective Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $4.3m against liabilities of $46k, net assets of $4.3m.