Chofetz Chaim Heritage Foundation

Analysis

Chofetz Chaim Heritage Foundation is a registered charity in United States, based in Suffern, NY. It received its IRS tax-exemption ruling in August 1983, 43 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 June 2023, Chofetz Chaim Heritage Foundation reported income of $6.4m and spending of $6.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.9m to $6.4m (+32%), an average of +7.3% a year. The sharpest change came in the year to June 2021, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Chofetz Chaim Heritage Foundation sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Tompkins Cortland Community College Foundation ($6.4m), Love Worth Finding Ministries Inc ($6.5m) and Cornerstone Franciscan Ministries Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $167k (2.6% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $2.7m against liabilities of $492k, net assets of $2.2m. It reported 42 employees.