Chesed of Lakewood

Analysis

Chesed of Lakewood is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 2022, Chesed of Lakewood reported income of $3.8m and spending of $3.2m, spending 83% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $957k to $3.8m (+300%), an average of +59% a year. The sharpest change came in the year to December 2022, when income rose by 117%. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Chesed of Lakewood sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Family Recovery Center ($3.8m), Familylink Treatment Services Inc ($3.8m) and Croi Foundation ($3.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 78% and program service revenue 21% of the total. Other salaries and wages came to $12k. At year end it held assets of $3.3m against liabilities of $1.6m, net assets of $1.7m. It reported 2 employees.