Machzikei Torah Inc

Analysis

Machzikei Torah Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Machzikei Torah Inc reported income of $527k and spending of $453k, spending 86% of its income. Across the 2 years on record, from December 2020 to December 2021, income grew from $290k to $527k (+82%), an average of +82% a year. The sharpest change came in the year to December 2021, when income rose by 82%. Over the whole period it spent 76% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Machzikei Torah Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Revelation Ministries Incorporated ($526k), Nefesh Monuments ($527k) and Dennis Burke Ministries ($526k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. At year end it held assets of $235k against liabilities of $151k, net assets of $84k.