Friends of Yashar Lachayal Inc

Analysis

Friends of Yashar Lachayal Inc is a registered charity in United States, based in E Brunswick, NJ. It received its IRS tax-exemption ruling in February 2010, 16 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 2023, Friends of Yashar Lachayal Inc reported income of $4.0m and spending of $3.0m, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $967k to $4.0m (+317%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 334%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Yashar Lachayal Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Texas Association of Community Action Agencies Inc ($4.0m), Fort Bend Senior Citizens Meals on Wheels & Much Much More Inc ($4.0m) and Love Columbia Corp ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $3.2m against liabilities of $0, net assets of $3.2m.