Endowment Fund of Maccabi USA Sports for Israel Inc

Analysis

Endowment Fund of Maccabi USA Sports for Israel Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Endowment Fund of Maccabi USA Sports for Israel Inc reported income of $8.1m and spending of $1.1m, leaving 87% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $612k to $8.1m (+1222%), an average of +91% a year. The sharpest change came in the year to December 2021, when income rose by 5904%. Over the whole period it spent 23% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Endowment Fund of Maccabi USA Sports for Israel Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Baltimore Municipal Golf Corporation ($8.1m), Camp Ramah in the Poconos ($8.1m) and Every Kid Sports ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $23.7m against liabilities of $437k, net assets of $23.3m.