Mifal Tzedaka Vchesed Chasdei Aharon

Analysis

Mifal Tzedaka Vchesed Chasdei Aharon is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2023, 3 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 December 2023, Mifal Tzedaka Vchesed Chasdei Aharon reported income of $1.7m and spending of $1.6m, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $1.7m (+1850%), an average of +1850% a year. The sharpest change came in the year to December 2023, when income rose by 1850%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mifal Tzedaka Vchesed Chasdei Aharon sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Jon Bon Jovi Soul Foundation ($1.7m), Little Warrior Foundation Inc ($1.7m) and National Christian Charitable Foundation Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. At year end it held assets of $57k against liabilities of $0, net assets of $57k.