Vaad Haarabonim of Queens Inc

Analysis

Vaad Haarabonim of Queens Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in January 1988, 38 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. 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, Vaad Haarabonim of Queens Inc reported income of $2.5m and spending of $2.6m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.5m (+6.5%), an average of +1.6% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Vaad Haarabonim of Queens Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Great Plains Family YMCA Incorporated ($2.5m), Key Club International ($2.5m) and Columbia Housing Authority Developments Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $236k (8.9% of expenses). Other salaries and wages came to $569k. At year end it held assets of $451k against liabilities of $22k, net assets of $430k. It reported 16 employees.