Simchas Zvi Inc

Analysis

Simchas Zvi Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in November 1997, 29 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, Simchas Zvi Inc reported income of $140k and spending of $84k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $167k to $140k (-16%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Simchas Zvi Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Achieve More Inc ($140k), James W and Carolyn O Ritchie Supporting Organization ($140k) and Gmach Hatzoloh of Rockland County ($140k).

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 $135k against liabilities of $0, net assets of $135k.