Ohel Iaacov Foundation Inc

Analysis

Ohel Iaacov Foundation Inc is a registered charity in United States, based in Aventura, FL. It received its IRS tax-exemption ruling in October 2014, 12 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 2022, Ohel Iaacov Foundation Inc reported income of $105k and spending of $103k, spending 97% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $56k to $105k (+88%), an average of +88% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 127% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ohel Iaacov Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Shepherds Place Foundation Inc ($105k), Rockland Main Street Inc ($105k) and Dreamweek Inc ($105k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,861 against liabilities of $0, net assets of $9,861.