Yad Chessed Fund Inc

Analysis

Yad Chessed Fund Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in July 2010, 16 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 August 2023, Yad Chessed Fund Inc reported income of $1.8m and spending of $1.7m, spending 92% of its income. Across the 4 years on record, from August 2019 to August 2023, income grew from $874k to $1.8m (+109%), an average of +28% a year. The sharpest change came in the year to August 2021, when income rose by 77%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Yad Chessed Fund Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Impacting Tomorrow Incorporated ($1.8m), Dynamic Church Planting International ($1.8m) and Hospice ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $153k (9.1% of expenses). Other salaries and wages came to $410k. At year end it held assets of $1.9m against liabilities of $33k, net assets of $1.9m. It reported 7 employees.