Gemach Zichron Moshe Inc

Analysis

Gemach Zichron Moshe Inc is a registered charity in United States, based in Passaic, NJ. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Gemach Zichron Moshe Inc reported income of $2.2m and spending of $2.2m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $2.2m (-9.0%), an average of -2.3% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gemach Zichron Moshe Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Partners for Self-Employment Inc ($2.2m), Career T R a C K ($2.2m) and Harbel Community Organization Inc ($2.2m).

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 $1.7m against liabilities of $539k, net assets of $1.2m.