Chasdei Shimon Inc

Analysis

Chasdei Shimon Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in May 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, Chasdei Shimon Inc reported income of $3.4m and spending of $1.2m, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $751k to $3.4m (+355%), an average of +46% a year. The sharpest change came in the year to December 2022, when income rose by 189%. Over the whole period it spent 50% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chasdei Shimon Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include County Connection of Midland ($3.4m), North Dakota Autism Center Inc ($3.4m) and Family Service Association of Northeastern Pennsylvania ($3.4m).

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 $3.2m against liabilities of $0, net assets of $3.2m.