Midrash Od Yosef Hai

Analysis

Midrash Od Yosef Hai is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 1979, 47 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Midrash Od Yosef Hai reported income of $65k and spending of $66k, spending 102% of its income. Across the 3 years on record, from December 2018 to December 2020, income fell from $118k to $65k (-45%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midrash Od Yosef Hai sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Fathers Friends ($65k), Nobleboro Historical Society ($65k) and Nuestros Alimentos ($65k).

On its Form 990-EZ for the period ending December 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,547 against liabilities of $0, net assets of $3,547.

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.