Israel America Foundation Inc

Analysis

Israel America Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 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, Israel America Foundation Inc reported income of $203k and spending of $1.8m, spending 893% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $98k to $203k (+108%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 3490%. Over the whole period it spent 110% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Israel America Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Frances Pope Memorial Foundation Inc ($203k), Surety Foundation Incorporated ($203k) and Simon Family Foundation ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 122% of the total. Compensation of current officers, directors and key employees was $79k (4.4% of expenses). Other salaries and wages came to $59k. At year end it held assets of $246k against liabilities of $287k, net assets of -$41k. It reported 3 employees.