Central Fund of Israel

Analysis

Central Fund of Israel is a registered charity in United States, based in Cedarhurst, NY. It received its IRS tax-exemption ruling in August 1979, 47 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 January 2024, Central Fund of Israel reported income of $109.2m and spending of $96.1m, spending 88% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $48.2m to $109.2m (+126%), an average of +23% a year. The sharpest change came in the year to January 2024, when income rose by 47%. Over the whole period it spent 93% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Central Fund of Israel sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include World Learning Inc ($108.7m), American Councils for International Education Actr Accels Inc ($110.9m) and United Palestinian Appeal Inc ($108.2m).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $115k (0.1% of expenses). At year end it held assets of $39.0m against liabilities of $0, net assets of $39.0m.