Chevra Gemach Inc

Analysis

Chevra Gemach Inc is a registered charity in United States, based in Cedarhurst, NY. It received its IRS tax-exemption ruling in April 2006, 20 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, Chevra Gemach Inc reported income of $1.3m and spending of $883k, leaving 30% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $304k to $1.3m (+313%), an average of +60% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chevra Gemach Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Sioux Falls Ministry Center ($1.3m), Community & Employment Links ($1.3m) and Forward Learning Youth and Young Adults Inc ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.2m against liabilities of $50k, net assets of $1.1m.