Friends of Tel-Aviv Sourasky Medical Center Inc

Analysis

Friends of Tel-Aviv Sourasky Medical Center Inc is a registered charity in United States, based in Edison, NJ. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Tel-Aviv Sourasky Medical Center Inc reported income of $16.0m and spending of $11.9m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $16.0m (+331%), an average of +44% a year. The sharpest change came in the year to December 2020, when income rose by 144%. Over the whole period it spent 89% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Friends of Tel-Aviv Sourasky Medical Center Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Womens Health and Family Planning Association of Texas ($16.0m), Henry Ford Health Brighton Center for Recovery ($16.0m) and Community Health NFP ($16.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $9,000 in professional fundraising fees. At year end it held assets of $4.2m against liabilities of $0, net assets of $4.2m.