Yedei Chesed Inc

Analysis

Yedei Chesed Inc is a registered charity in United States, based in Chestnut RDG, NY. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Yedei Chesed Inc reported income of $84.4m and spending of $64.3m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $31.0m to $84.4m (+173%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 54%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Yedei Chesed Inc sits at the 100th 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 Lycoming-Clinton Joinder Board ($84.4m), Nysarc Inc Arc Jefferson-St Lawrence ($84.7m) and Oregon Child Development Coalition Inc ($84.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $413k (0.6% of expenses). Other salaries and wages came to $32.0m. At year end it held assets of $45.3m against liabilities of $6.4m, net assets of $38.9m. It reported 1,909 employees.