The Neshama Foundation Inc

Analysis

The Neshama Foundation Inc is a registered charity in United States, based in Stanhope, NJ. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, The Neshama Foundation Inc reported income of $207k and spending of $243k, spending 117% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income fell from $1.4m to $207k (-85%), an average of -38% a year. The sharpest change came in the year to December 2019, when income dropped by 81%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Neshama Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 61st percentile within NJ. Charities of a similar size with the same main cause include Len Ministries Inc ($207k), Kingdom of Grace Ministries ($207k) and Salem House of Prayer ($207k).

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 $370k against liabilities of $0, net assets of $370k.

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.