Tov Vchesed Foundation Inc

Analysis

Tov Vchesed Foundation Inc is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Tov Vchesed Foundation Inc reported income of $13.9m and spending of $14.1m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.4m to $13.9m (+65%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 105%. Over the whole period it spent 105% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Tov Vchesed Foundation Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Cultural Homestay International ($13.9m), Caring Partners International Inc ($13.9m) and Ashesi University Foundation ($13.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $196k. At year end it held assets of $245k against liabilities of $3.4m, net assets of -$3.1m. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.