Menorah Terrace

Analysis

Menorah Terrace is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in July 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 August 2023, Menorah Terrace reported income of $797k and spending of $504k, leaving 37% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income fell from $860k to $797k (-7.3%), an average of -1.9% a year. Over the whole period it spent 58% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Menorah Terrace sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Emc Affordable Housing Preservation ($797k), Bethel Housing Community Development Inc ($797k) and Senior Group Living Services Inc ($797k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $3.0m against liabilities of $0, net assets of $3.0m.