Friends of Itamar Incorporated

Analysis

Friends of Itamar Incorporated is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 Itamar Incorporated reported income of $747k and spending of $457k, leaving 39% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $459k to $747k (+63%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 48%. Over the whole period it spent 73% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of Itamar Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Jewish Content Inc ($747k), Young Adult Koinonia ($748k) and Levant Ministries Inc ($747k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.8m against liabilities of $18k, net assets of $1.7m.