Nissim Veniflaot

Analysis

Nissim Veniflaot is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in August 2011, 15 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 December 2023, Nissim Veniflaot reported income of $284k and spending of $258k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $508k to $284k (-44%), an average of -14% a year. The sharpest change came in the year to December 2021, when income dropped by 38%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nissim Veniflaot sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Immigration Services of Mountain View ($284k), Marlboro County Council on Aging ($284k) and Helping Hand Foundation Inc ($284k).

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 $82k against liabilities of $0, net assets of $82k.