Mikvah Chana Inc
Mikvah Chana Inc. consistently operates at a deficit, relying on substantial assets despite increasing revenue.
EIN: 202355103 · Livingston, NJ · NTEE: X30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $303K |
| Total Expenses | $323K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1.6 |
| Net Assets | $1.6M |
| Transparency Score | 75/100 |
Is Mikvah Chana Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mikvah Chana Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mikvah Chana Inc
Mikvah Chana Inc (EIN: 202355103) is a nonprofit organization based in Livingston, NJ, classified under NTEE code X30. The organization reported total revenue of $303K and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mikvah Chana Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mikvah Chana Inc is a small nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $232K |
| Total Expenses | $323K |
| Surplus / Deficit | $-90,711 |
| Total Assets | $1.7M |
| Total Liabilities | $39K |
| Net Assets | $1.6M |
| Operating Margin | -39.0% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 61.5 months |
Financial Health Grade: B
In 2023, Mikvah Chana Inc reported a deficit of $91K with expenses exceeding revenue, holds 61.5 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Mikvah Chana Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +52.1% | +24.7% | -5.2% |
| 2022 | -40.9% | +16.3% | -4.5% |
| 2021 | +85.5% | +19.4% | +0.8% |
| 2019 | -9.4% | -0.4% | -2.5% |
| 2018 | +10.9% | -3.6% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mikvah Chana Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Mikvah Chana Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $91K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly favorable for a nonprofit of its size with assets over $1.6 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Mikvah Chana Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $90,711 in 2023) where expenses exceed revenue.
- Gradual decline in total assets over the past decade, suggesting reliance on reserves to cover deficits.
Strengths
The following positive indicators were identified for Mikvah Chana Inc:
- No reported officer compensation, indicating strong financial transparency and mission focus.
- Substantial asset base ($1,654,740 in 2023) provides financial stability despite deficits.
- Low liabilities across all reported periods, demonstrating responsible debt management.
- Consistent filing history (12 filings) indicates good compliance and transparency.
Frequently Asked Questions about Mikvah Chana Inc
Is Mikvah Chana Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mikvah Chana Inc (EIN: 202355103) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Mikvah Chana Inc spend its money?
Mikvah Chana Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mikvah Chana Inc tax-deductible?
Mikvah Chana Inc is registered as a tax-exempt nonprofit (EIN: 202355103). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Mikvah Chana Inc CEO make?
Mikvah Chana Inc's highest-compensated officer earns $1.6 annually. The organization reported $303K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Mikvah Chana Inc's spending goes to programs?
Mikvah Chana Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Mikvah Chana Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Mikvah Chana Inc is above average for NTEE category X30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Mikvah Chana Inc located?
Mikvah Chana Inc is headquartered in Livingston, New Jersey and files with the IRS under EIN 202355103. It is classified under NTEE code X30.
How many years of IRS 990 filings does Mikvah Chana Inc have?
Mikvah Chana Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $303K in total revenue.
Is Mikvah Chana Inc. financially sustainable given its consistent operational deficits?
Mikvah Chana Inc. has consistently reported expenses exceeding revenue, with a deficit of $90,711 in 2023. While it has substantial assets ($1,654,740 in 2023) to cover these deficits, this trend is not sustainable long-term without increased revenue or reduced expenses.
How does Mikvah Chana Inc. cover its operational deficits?
The organization appears to cover its operational deficits by drawing from its significant asset base, which has decreased from $2,220,280 in 2013 to $1,654,740 in 2023, indicating a reliance on existing reserves.
What is the trend in Mikvah Chana Inc.'s assets and liabilities?
Assets have shown a gradual decline over the past decade, from $2,220,280 in 2013 to $1,654,740 in 2023. Liabilities have remained relatively low and stable, indicating responsible debt management.
Does Mikvah Chana Inc. pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all available periods, indicating that no officers received salaries or other compensation from the organization.
Filing History
IRS 990 filing history for Mikvah Chana Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Mikvah Chana Inc's revenue has grown by 72.8%, moving from $135K to $232K. Total assets decreased by 29% over the same period, from $2.3M to $1.7M. Total functional expenses rose by 73.3%, from $186K to $323K. In its most recent filing year (2023), Mikvah Chana Inc reported a deficit of $91K, with expenses exceeding revenue. The organization holds $39K in liabilities against $1.7M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $232K | $323K | $1.7M | $39K | — | — |
| 2022 | $153K | $259K | $1.7M | $39K | — | View 990 |
| 2021 | $258K | $223K | $1.8M | $14K | — | View 990 |
| 2019 | $139K | $187K | $1.8M | $855 | — | View 990 |
| 2018 | $154K | $187K | $1.9M | $303 | — | View 990 |
| 2017 | $139K | $194K | $1.9M | $1K | — | View 990 |
| 2016 | $114K | $203K | $1.9M | $850 | — | — |
| 2015 | $83K | $179K | $2.0M | $10K | — | View 990 |
| 2014 | $97K | $179K | $2.1M | $11K | — | View 990 |
| 2013 | $139K | $196K | $2.2M | $6K | — | View 990 |
| 2012 | $117K | $172K | $2.3M | $3K | — | View 990 |
| 2011 | $135K | $186K | $2.3M | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $232K, expenses of $323K, and assets of $1.7M (revenue +52.1% year-over-year).
- 2022: Revenue of $153K, expenses of $259K, and assets of $1.7M (revenue -40.9% year-over-year).
- 2021: Revenue of $258K, expenses of $223K, and assets of $1.8M (revenue +85.5% year-over-year).
- 2019: Revenue of $139K, expenses of $187K, and assets of $1.8M (revenue -9.4% year-over-year).
- 2018: Revenue of $154K, expenses of $187K, and assets of $1.9M (revenue +10.9% year-over-year).
- 2017: Revenue of $139K, expenses of $194K, and assets of $1.9M (revenue +21.6% year-over-year).
- 2016: Revenue of $114K, expenses of $203K, and assets of $1.9M (revenue +37.1% year-over-year).
- 2015: Revenue of $83K, expenses of $179K, and assets of $2.0M (revenue -14.5% year-over-year).
- 2014: Revenue of $97K, expenses of $179K, and assets of $2.1M (revenue -30.0% year-over-year).
- 2013: Revenue of $139K, expenses of $196K, and assets of $2.2M (revenue +19.3% year-over-year).
- 2012: Revenue of $117K, expenses of $172K, and assets of $2.3M (revenue -13.3% year-over-year).
- 2011: Revenue of $135K, expenses of $186K, and assets of $2.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mikvah Chana Inc:
Data Sources and Methodology
This transparency report for Mikvah Chana Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.