Lev Rochel Bikur Cholim of Lakewood Inc

Analysis

Lev Rochel Bikur Cholim of Lakewood Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in March 1994, 32 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, Lev Rochel Bikur Cholim of Lakewood Inc reported income of $4.9m and spending of $6.7m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $4.9m (+57%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 89%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lev Rochel Bikur Cholim of Lakewood Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Kencrest Centers ($4.9m), Santa Monica Young Mens Christian Association ($4.9m) and Five Cap Inc ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $365k (5.5% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $3.6m against liabilities of $3.7m, net assets of -$155k. It reported 47 employees.