Keren Gemilas Chasodim Foundation Greater Lakewood Health Initiative

Analysis

Keren Gemilas Chasodim Foundation Greater Lakewood Health Initiative is a registered charity in United States, based in Brooklyn, NY. 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 August 2023, Keren Gemilas Chasodim Foundation Greater Lakewood Health Initiative reported income of $1.6m and spending of $1.9m, spending 118% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $807k to $1.6m (+96%), an average of +18% a year. The sharpest change came in the year to August 2021, when income rose by 879%. Over the whole period it spent 117% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Keren Gemilas Chasodim Foundation Greater Lakewood Health Initiative sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Community Impact Fund ($1.6m), Brompton Community Housing Development Corporation ($1.6m) and Social Venture Partners Portland ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $77k against liabilities of $176k, net assets of -$99k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.