Lower East Side Volunteers of Hatzalah Inc

Analysis

Lower East Side Volunteers of Hatzalah Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1993, 33 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 June 2023, Lower East Side Volunteers of Hatzalah Inc reported income of $729k and spending of $538k, leaving 26% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $322k to $729k (+126%), an average of +31% a year. The sharpest change came in the year to June 2021, when income rose by 120%. Over the whole period it spent 55% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lower East Side Volunteers of Hatzalah Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Arc of Randolph County ($729k), Northampton County Historical & Genealogical Society ($729k) and Marks Growing Center Inc ($729k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 44% of the total. It paid $7,702 in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $150k, net assets of $1.4m.