American Friends of Leket Israel Inc

Analysis

American Friends of Leket Israel Inc is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in June 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 2023, American Friends of Leket Israel Inc reported income of $27.6m and spending of $25.8m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $10.1m to $27.6m (+174%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, American Friends of Leket Israel Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Liberty Hill Foundation ($27.6m), Catholic Charities of Buffalo ($27.7m) and Partnership Schools ($27.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $219k (0.9% of expenses). Other salaries and wages came to $368k. At year end it held assets of $7.9m against liabilities of $93k, net assets of $7.9m. It reported 7 employees.