Palo Alto Chesed Fund Inc

Analysis

Palo Alto Chesed Fund Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in November 2014, 12 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, Palo Alto Chesed Fund Inc reported income of $182k and spending of $151k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $140k to $182k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Palo Alto Chesed Fund Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Inspire Family Life Center ($182k), Wellesley Food Pantry Inc ($182k) and Society of St Vincent de Paul District Council of Waterloo Iowa ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $241k against liabilities of $0, net assets of $241k.