Paamonim

Analysis

Paamonim is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2008, 18 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 June 2022, Paamonim reported income of $2.0m and spending of $1.8m, spending 91% of its income. Across the 4 years on record, from June 2019 to June 2022, income grew from $587k to $2.0m (+237%), an average of +50% a year. The sharpest change came in the year to June 2021, when income rose by 102%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Paamonim sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include The Trinity Forum Inc ($2.0m), United Way of Carlisle & Cumberland County ($2.0m) and Hadhramout Foundation Inc ($2.0m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $79k. At year end it held assets of $448k against liabilities of $28k, net assets of $420k. It reported 2 employees.