Israel Independence Fund

Analysis

Israel Independence Fund is a registered charity in United States, based in Wellington, FL. It received its IRS tax-exemption ruling in February 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, Israel Independence Fund reported income of $500k and spending of $413k, spending 83% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $295k to $500k (+69%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Israel Independence Fund sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Willie NG Family Foundation Inc ($500k), Bruce Pearl Family Foundation ($500k) and Community Development Collaborative of Greater Columbus ($500k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $141k against liabilities of $0, net assets of $141k.