Mikvah Usa Inc
Mikvah Usa Inc reports a $1.6 million deficit in its latest fiscal year despite growing revenues.
EIN: 202850305 · Brooklyn, NY · NTEE: X30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $7.7M |
| Total Expenses | $8.0M |
| Program Spending | 70% |
| Net Assets | $1.9M |
| Transparency Score | 65/100 |
Is Mikvah Usa Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Mikvah Usa Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Mikvah Usa Inc
Mikvah Usa Inc (EIN: 202850305) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code X30. The organization reported total revenue of $7.7M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mikvah Usa Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mikvah Usa Inc is a mid-size nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 20.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.3M |
| Total Expenses | $8.0M |
| Surplus / Deficit | $-1,666,859 |
| Total Assets | $2.0M |
| Total Liabilities | $65K |
| Net Assets | $1.9M |
| Operating Margin | -26.3% |
| Debt-to-Asset Ratio | 3.3% |
| Months of Reserves | 3.0 months |
Financial Health Grade: B
In 2023, Mikvah Usa Inc reported a deficit of $1.7M with expenses exceeding revenue, holds 3.0 months of operating reserves (adequate), has a debt-to-asset ratio of 3.3% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Mikvah Usa Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.6% | +48.0% | -46.8% |
| 2022 | -0.7% | +35.5% | +25.6% |
| 2021 | +68.6% | +23.3% | +272.5% |
| 2020 | +13.5% | +5.4% | +135.6% |
| 2019 | -27.1% | -33.1% | +29.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2006 |
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 Usa Inc with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Mikvah Usa Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 3.3%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, suggesting either a fully volunteer-led executive team or that executive salaries are categorized differently, which could obscure a full understanding of leadership costs relative to the organization's multi-million dollar revenue.
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 Usa Inc's IRS 990 filings:
- Significant operating deficit in the latest fiscal year (2023), with expenses exceeding revenue by over $1.6 million.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data, making it difficult to assess spending efficiency.
- Volatile asset levels, dropping from $3,712,534 in 2022 to $1,973,596 in 2023.
Strengths
The following positive indicators were identified for Mikvah Usa Inc:
- Consistent revenue growth over the past decade, indicating strong fundraising capabilities.
- Reported 0% officer compensation across all filings, suggesting potential volunteer leadership or efficient use of funds for executive roles.
- History of operating with surpluses in several fiscal years, demonstrating financial management capacity.
Frequently Asked Questions about Mikvah Usa Inc
Is Mikvah Usa Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Mikvah Usa Inc (EIN: 202850305) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Mikvah Usa Inc spend its money?
Mikvah Usa Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Mikvah Usa Inc tax-deductible?
Mikvah Usa Inc is registered as a tax-exempt nonprofit (EIN: 202850305). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Mikvah Usa Inc's spending goes to programs?
Mikvah Usa Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Mikvah Usa Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Mikvah Usa 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 Usa Inc located?
Mikvah Usa Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 202850305. It is classified under NTEE code X30.
How many years of IRS 990 filings does Mikvah Usa Inc have?
Mikvah Usa Inc has 14 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 $7.7M in total revenue.
Is Mikvah Usa Inc a good charity?
Mikvah Usa Inc shows a commitment to its mission through consistent operations and revenue generation. However, the significant deficit in the latest fiscal year (2023) and the lack of detailed expense breakdown by functional category (program, admin, fundraising) make it challenging to fully assess its spending efficiency and overall 'goodness' without more information. The 0% officer compensation is a positive indicator if it truly reflects volunteer leadership, but warrants further investigation.
Why did Mikvah Usa Inc have a $1.6 million deficit in 2023?
In the 2023 fiscal period, Mikvah Usa Inc reported expenses of $8,012,851 against revenues of $6,345,992, resulting in a deficit of $1,666,859. The specific reasons for this increase in expenses relative to revenue are not detailed in the provided summary data and would require reviewing the full IRS Form 990 for a breakdown of expense categories.
How has Mikvah Usa Inc's financial health changed over time?
Mikvah Usa Inc has experienced substantial growth in revenue, from $1,674,981 in 2014 to $6,345,992 in 2023. Assets have also grown significantly, though with volatility, peaking at $3,712,534 in 2022 before a decrease in 2023. The organization has generally managed to operate with surpluses in many years, but the latest filing shows a notable deficit, indicating a recent financial challenge.
Filing History
IRS 990 filing history for Mikvah Usa Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Mikvah Usa Inc's revenue has grown by 990.3%, moving from $582K to $6.3M. Total assets increased by 946.2% over the same period, from $189K to $2.0M. Total functional expenses rose by 1723.5%, from $439K to $8.0M. In its most recent filing year (2023), Mikvah Usa Inc reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $65K in liabilities against $2.0M in assets (debt-to-asset ratio: 3.3%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.3M | $8.0M | $2.0M | $65K | — | — |
| 2022 | $6.2M | $5.4M | $3.7M | $137K | — | View 990 |
| 2021 | $6.2M | $4.0M | $3.0M | $154K | — | View 990 |
| 2020 | $3.7M | $3.2M | $793K | $229K | — | View 990 |
| 2019 | $3.3M | $3.1M | $337K | $228K | — | View 990 |
| 2018 | $4.5M | $4.6M | $260K | $344K | — | View 990 |
| 2017 | $2.5M | $2.7M | $242K | $147K | — | View 990 |
| 2016 | $2.1M | $2.2M | $364K | $21K | — | View 990 |
| 2015 | $2.4M | $2.7M | $527K | $15K | — | View 990 |
| 2014 | $1.7M | $1.6M | $790K | $36K | — | View 990 |
| 2013 | $1.8M | $1.5M | $719K | $34K | — | View 990 |
| 2012 | $1.2M | $920K | $453K | $73K | — | View 990 |
| 2011 | $795K | $894K | $164K | $77K | — | View 990 |
| 2010 | $582K | $439K | $189K | $22K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.3M, expenses of $8.0M, and assets of $2.0M (revenue +2.6% year-over-year).
- 2022: Revenue of $6.2M, expenses of $5.4M, and assets of $3.7M (revenue -0.7% year-over-year).
- 2021: Revenue of $6.2M, expenses of $4.0M, and assets of $3.0M (revenue +68.6% year-over-year).
- 2020: Revenue of $3.7M, expenses of $3.2M, and assets of $793K (revenue +13.5% year-over-year).
- 2019: Revenue of $3.3M, expenses of $3.1M, and assets of $337K (revenue -27.1% year-over-year).
- 2018: Revenue of $4.5M, expenses of $4.6M, and assets of $260K (revenue +82.2% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.7M, and assets of $242K (revenue +19.3% year-over-year).
- 2016: Revenue of $2.1M, expenses of $2.2M, and assets of $364K (revenue -15.7% year-over-year).
- 2015: Revenue of $2.4M, expenses of $2.7M, and assets of $527K (revenue +45.6% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.6M, and assets of $790K (revenue -5.8% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.5M, and assets of $719K (revenue +46.5% year-over-year).
- 2012: Revenue of $1.2M, expenses of $920K, and assets of $453K (revenue +52.5% year-over-year).
- 2011: Revenue of $795K, expenses of $894K, and assets of $164K (revenue +36.7% year-over-year).
- 2010: Revenue of $582K, expenses of $439K, and assets of $189K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mikvah Usa Inc:
Data Sources and Methodology
This transparency report for Mikvah Usa 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.