American Friends of Zichron Eliyahu Ofakim

Analysis

American Friends of Zichron Eliyahu Ofakim is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2002, 24 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 October 2023, American Friends of Zichron Eliyahu Ofakim reported income of $875k and spending of $890k, spending 102% of its income. Across the 5 years on record, from October 2019 to October 2023, income fell from $879k to $875k (-0.5%), an average of -0.1% a year. The sharpest change came in the year to October 2022, when income rose by 70%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, American Friends of Zichron Eliyahu Ofakim sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Florida Flywheelers Antique Engine Club Inc ($874k), Six Rivers Youth Sports Inc ($875k) and South Valley SC Inc ($874k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,463 against liabilities of $0, net assets of $5,463.