Yeshivat Mekor Chaim Inc

Analysis

Yeshivat Mekor Chaim Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 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 July 2023, Yeshivat Mekor Chaim Inc reported income of $1.3m and spending of $1.4m, spending 106% of what it took in. The sharpest change came in the year to July 2022, when income rose by 125%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yeshivat Mekor Chaim Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include Erik Karishoej Education Foundation ($1.3m), Wee Care Christian Learning Center Inc ($1.3m) and Crestwood Hills Nursery School ($1.3m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $376k (26% of expenses). Other salaries and wages came to $496k. At year end it held assets of -$68k against liabilities of $80k, net assets of -$147k. It reported 15 employees.