Machon by Charitable Trust

Analysis

Machon by Charitable Trust is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Machon by Charitable Trust reported income of $55k and spending of $0, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $4.5m to $55k (-99%), an average of -99% a year. The sharpest change came in the year to December 2023, when income dropped by 99%. Over the whole period it spent 0.0% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Machon by Charitable Trust sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 23rd percentile within NY. Charities of a similar size with the same main cause include Corner Canyon Trails ($55k), Thurman J Curtsinger Charitable TR ($55k) and Maxwell T Ward Foundation ($55k).

At year end it held assets of $4.6m against liabilities of $0, net assets of $4.6m.