Gary Klausner Chesed Fund Inc

Analysis

Gary Klausner Chesed Fund Inc is a registered charity in United States, based in Passaic, NJ. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2024, Gary Klausner Chesed Fund Inc reported income of $1.3m and spending of $1.3m, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2024, income fell from $1.7m to $1.3m (-25%), an average of -9.3% a year. The sharpest change came in the year to June 2021, when income dropped by 35%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gary Klausner Chesed Fund Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include Farmworkers Coordinating Council of Palm Beach County Inc ($1.3m), Lake County Center for Independent Living ($1.3m) and Multi-Cultural Development Center ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.