Friends of Makor Hatikvah Inc

Analysis

Friends of Makor Hatikvah Inc is a registered charity in United States, based in Willmar, MN. It received its IRS tax-exemption ruling in July 2019, 7 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, Friends of Makor Hatikvah Inc reported income of $50k and spending of $136k, spending 269% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $153k to $50k (-67%), an average of -67% a year. The sharpest change came in the year to December 2023, when income dropped by 67%. Over the whole period it spent 103% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of Makor Hatikvah Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 16th percentile within MN. Charities of a similar size with the same main cause include Second Serving Foundation ($50k), Twenty-First Century Ministries ($50k) and Scatter US Ministries ($50k).

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 $3,419 against liabilities of $0, net assets of $3,419.