Tamid Israel Investment Group Ltd

Analysis

Tamid Israel Investment Group Ltd is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in April 2010, 16 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 August 2023, Tamid Israel Investment Group Ltd reported income of $3.7m and spending of $4.4m, spending 119% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.1m to $3.7m (+18%), an average of +4.2% a year. The sharpest change came in the year to August 2022, when income rose by 56%. Over the whole period it spent 95% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Tamid Israel Investment Group Ltd sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Boys & Girls Club of Albany ($3.7m), Core Inc ($3.7m) and Detroit Horse Power ($3.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 93% and program service revenue 6.8% of the total. Compensation of current officers, directors and key employees was $348k (8.0% of expenses). Other salaries and wages came to $944k. At year end it held assets of $2.0m against liabilities of $805k, net assets of $1.2m. It reported 19 employees.