Mosdos Hatorah Vhachesed of Pnei Menachem Inc

Analysis

Mosdos Hatorah Vhachesed of Pnei Menachem Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 January 2024, Mosdos Hatorah Vhachesed of Pnei Menachem Inc reported income of $4.3m and spending of $4.4m, spending 103% of its income. Across the 4 years on record, from January 2021 to January 2024, income grew from $1.7m to $4.3m (+158%), an average of +37% a year. The sharpest change came in the year to January 2022, when income rose by 273%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mosdos Hatorah Vhachesed of Pnei Menachem Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Voluntary Action Center ($4.3m), Nephcure Kidney International ($4.3m) and Steuben County Community Foundation Inc ($4.3m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $63k. At year end it held assets of $103k against liabilities of $200k, net assets of -$98k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.