Jewish Foundation for Group Homesendowment Inc

Analysis

Jewish Foundation for Group Homesendowment Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in April 2006, 20 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Jewish Foundation for Group Homesendowment Inc reported income of $88k and spending of $161k, spending 183% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $326k to $88k (-73%), an average of -48% a year. The sharpest change came in the year to June 2023, when income dropped by 61%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jewish Foundation for Group Homesendowment Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include Community Chest of Oldham County ($88k), Brian S McCarthy Memorial Foundation ($88k) and International Association of Lions Clubs ($88k).

At year end it held assets of $17.5m against liabilities of $14.6m, net assets of $2.9m.