Lev Lalev Inc

Analysis

Lev Lalev Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in May 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 December 2022, Lev Lalev Inc reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.8m to $1.4m (-22%), an average of -8.0% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Lev Lalev Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Bare Essentials Home Care Inc ($1.4m), Robert H Tannahill Foundation ($1.4m) and Merkaz Torani Oraita Inc ($1.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $3,921 (0.3% of expenses). Other salaries and wages came to $116k. At year end it held assets of $90k against liabilities of $376k, net assets of -$286k. It reported 4 employees.