Keren Menachem

Analysis

Keren Menachem is a registered charity in United States, based in Cleveland HTS, OH. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Keren Menachem reported income of $1.6m and spending of $610k, leaving 63% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $194k to $1.6m (+744%), an average of +744% a year. The sharpest change came in the year to December 2023, when income rose by 744%. Over the whole period it spent 38% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Keren Menachem sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Sights for Hope ($1.6m), Se Raleigh Promise Inc ($1.6m) and Community United Way of Pioneer Valley Inc ($1.6m).

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 $1.1m against liabilities of $0, net assets of $1.1m.