Friends of Zichron Meir

Analysis

Friends of Zichron Meir is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 1996, 30 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, Friends of Zichron Meir reported income of $726k and spending of $700k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $424k to $726k (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 41%. 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, Friends of Zichron Meir sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Jasper Community Foundation ($725k), Bronxville School Foundation Inc ($726k) and North Platte Community College Foundation ($724k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.