Queens Hatzolo Aid Inc

Analysis

Queens Hatzolo Aid Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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, Queens Hatzolo Aid Inc reported income of $3.3m and spending of $2.9m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.2m to $3.3m (+52%), an average of +11% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Queens Hatzolo Aid Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Healthy Start Coalition of Hardee Highlands and Polk Counties Inc ($3.3m), American Thyroid Association Inc ($3.3m) and Rural Nevada Counseling RNC ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. Other salaries and wages came to $108k. At year end it held assets of $8.2m against liabilities of $447k, net assets of $7.8m. It reported 1 employees.