Gemach Abg Inc

Analysis

Gemach Abg Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in October 2000, 26 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, Gemach Abg Inc reported income of $153k and spending of $140k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $184k to $153k (-17%), an average of -8.9% a year. The sharpest change came in the year to December 2022, when income rose by 76%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gemach Abg Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 55th percentile within NJ. Charities of a similar size with the same main cause include Up and Running Again ($153k), Martin County Community Fund Inc ($153k) and Adoption Solutions of Maine ($153k).

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 $28k against liabilities of $0, net assets of $28k.