Tzdaka Foundation Inc

Analysis

Tzdaka Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 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, Tzdaka Foundation Inc reported income of $524k and spending of $477k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $315k to $524k (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 55%. 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, Tzdaka Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Heart of Cabi Foundation Inc ($524k), Neighborhood Care Center Inc ($524k) and Indias Hope ($524k).

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 $206k against liabilities of $1,200, net assets of $205k.