Gemilas Chesed Inc

Analysis

Gemilas Chesed Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in August 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, Gemilas Chesed Inc reported income of $67k and spending of $44k, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $102k to $67k (-34%), an average of -10% a year. The sharpest change came in the year to December 2021, when income dropped by 31%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gemilas Chesed Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 27th percentile within NY. Charities of a similar size with the same main cause include YWCA of Billings Endowment Foundation Inc ($67k), New York Finest Soccer Club ($67k) and Lions Club of Montebello Charities Foundation ($67k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $1.4m against liabilities of $128k, net assets of $1.2m.