Zichron Tzvi Inc

Analysis

Zichron Tzvi Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Zichron Tzvi Inc reported income of $1.4m and spending of $94k, leaving 93% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $739k to $1.4m (+87%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 53%. Over the whole period it spent 7.4% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Zichron Tzvi Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Ohr Meir Ubracha ($1.4m), Billings Leadership Foundation ($1.4m) and United Way of Central Texas ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. At year end it held assets of $8.7m against liabilities of $4.4m, net assets of $4.3m.