The Lenny Zakim Fund Inc

Analysis

The Lenny Zakim Fund Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, The Lenny Zakim Fund Inc reported income of $1.9m and spending of $1.3m, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.9m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2023, when income rose by 118%. Over the whole period it spent 79% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Lenny Zakim Fund Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Alhussnain ($1.9m), Official Risen Nation Church ($1.9m) and Living Faith Ministries Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $170k (13% of expenses). Other salaries and wages came to $121k. At year end it held assets of $9.2m against liabilities of $66k, net assets of $9.1m. It reported 7 employees.