P E F Israel Endowment Funds Inc

Analysis

P E F Israel Endowment Funds Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 1938, 88 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 November 2023, P E F Israel Endowment Funds Inc reported income of $289.5m and spending of $284.6m, spending 98% of its income. Across the 5 years on record, from November 2019 to November 2023, income grew from $122.3m to $289.5m (+137%), an average of +24% a year. The sharpest change came in the year to November 2023, when income rose by 62%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, P E F Israel Endowment Funds 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 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include RF Catalytic Capital Inc ($289.0m), The US Charitable Gift Trust ($311.9m) and United States Energy Foundation ($286.0m).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $523k (0.2% of expenses). At year end it held assets of $184.6m against liabilities of $1.5m, net assets of $183.1m. It reported 4 employees.