Derech Hachaim Fund Inc

Analysis

Derech Hachaim Fund Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in March 2015, 11 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, Derech Hachaim Fund Inc reported income of $1.0m and spending of $937k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $588k to $1.0m (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Derech Hachaim Fund Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within NJ. Charities of a similar size with the same main cause include Pediatric Endowment Fund Inc ($1.0m), Law Enforcement United Inc ($1.0m) and Mitchell Community College Foundation and Endowment for Excel ($1.0m).

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 $296k against liabilities of $0, net assets of $296k.