Friends of Zichron Kelem of Jerusalem Inc

Analysis

Friends of Zichron Kelem of Jerusalem Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2006, 20 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 October 2020, Friends of Zichron Kelem of Jerusalem Inc reported income of $801k and spending of $800k, spending 100% of its income. Across the 2 years on record, from October 2019 to October 2020, income fell from $1.0m to $801k (-22%), an average of -22% a year. The sharpest change came in the year to October 2020, when income dropped by 22%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of Zichron Kelem of Jerusalem Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Kingdom Builders Ministry ($800k), Chino Valley Islamic Center ($801k) and Home of the Mother Inc ($800k).

On its Form 990 for the period ending October 2020, revenue came from contributions and grants 100% of the total. At year end it held assets of $7,034 against liabilities of $0, net assets of $7,034.