The Mekor Hayim Center Inc

Analysis

The Mekor Hayim Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2021, 5 years ago. 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, The Mekor Hayim Center Inc reported income of $190k and spending of $247k, spending 130% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $374k to $190k (-49%), an average of -29% a year. The sharpest change came in the year to December 2023, when income dropped by 63%. Over the whole period it spent 54% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Mekor Hayim Center Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Waukegan Historical Society Inc ($190k), Youth for Christ USA Inc ($190k) and Orcas Island Historical Society ($190k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $105k (43% of expenses). At year end it held assets of $488k against liabilities of $3,326, net assets of $485k. It reported 1 employees.