Edith and Carl Marks Jewish Community House of Bensonhurst Inc

Analysis

Edith and Carl Marks Jewish Community House of Bensonhurst Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1940, 86 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, Edith and Carl Marks Jewish Community House of Bensonhurst Inc reported income of $15.6m and spending of $14.3m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.2m to $15.6m (+39%), an average of +8.5% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 91% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Edith and Carl Marks Jewish Community House of Bensonhurst Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Special Olympics Michigan Inc ($15.4m), Indiana High School Athletics Association ($15.6m) and National Strength and Conditioning Association ($15.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 74% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $598k (4.2% of expenses). Other salaries and wages came to $6.8m. At year end it held assets of $20.6m against liabilities of $3.9m, net assets of $16.7m. It reported 453 employees.