Simcha Chesed Fund Inc

Analysis

Simcha Chesed Fund Inc is a registered charity in United States, based in Bergenfield, NJ. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Simcha Chesed Fund Inc reported income of $110k and spending of $106k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $13k to $110k (+730%), an average of +730% a year. The sharpest change came in the year to December 2023, when income rose by 730%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Simcha Chesed Fund Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 47th percentile within NJ. Charities of a similar size with the same main cause include Kalamazoo Community Foundation Charitable Trust ($110k), Ancor Foundation Inc ($110k) and Community Asian Theatre of the Sierra ($110k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.