Zichron Eliyahu Memorial Foundation Inc

Analysis

Zichron Eliyahu Memorial Foundation Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Zichron Eliyahu Memorial Foundation Inc reported income of $388k and spending of $404k, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $188k to $388k (+107%), an average of +20% a year. The sharpest change came in the year to August 2022, when income rose by 94%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Zichron Eliyahu Memorial Foundation Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Gulf Coast Education Initiative Consortium Inc ($388k), Namic Mutual Insurance Foundation ($389k) and West River Montessori School ($388k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.