Friends of Shearim Hametsuyanim Inc

Analysis

Friends of Shearim Hametsuyanim Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2014, 12 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, Friends of Shearim Hametsuyanim Inc reported income of $659k and spending of $730k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $206k to $659k (+220%), an average of +34% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 90% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Shearim Hametsuyanim Inc sits at the 77th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include American Friends of Institution Noam Hatorah Zichron Sinai ($658k), Infinite Hero Foundation ($659k) and Asian Partners International Inc ($658k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $308k against liabilities of $0, net assets of $308k.