American Friends of Magen Lecholeh Inc

Analysis

American Friends of Magen Lecholeh Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in January 1997, 29 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, American Friends of Magen Lecholeh Inc reported income of $643k and spending of $623k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $246k to $643k (+162%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, American Friends of Magen Lecholeh Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include The Foster Closet Corp ($643k), San Juan Diego Institute Corp ($644k) and Institute for China-America Studies ($643k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $24k (3.9% of expenses). At year end it held assets of $22k against liabilities of $0, net assets of $22k.