Zichron Chaim Inc

Analysis

Zichron Chaim Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in March 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Zichron Chaim Inc reported income of $6.2m and spending of $5.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.2m to $6.2m (+92%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Zichron Chaim Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Boys & Girls Club of Metro Queens Inc ($6.2m), Vive ($6.2m) and Boys & Girls Clubs of Central Wyoming ($6.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $168k (3.1% of expenses). Other salaries and wages came to $242k. At year end it held assets of $22.3m against liabilities of $18.6m, net assets of $3.7m. It reported 42 employees.