Aharon Sofer Memorial Fund Inc

Analysis

Aharon Sofer Memorial Fund Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Aharon Sofer Memorial Fund Inc reported income of $342k and spending of $333k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $124k to $342k (+176%), an average of +29% a year. The sharpest change came in the year to December 2020, when income rose by 452%. Over the whole period it spent 55% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Aharon Sofer Memorial Fund Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Holy Fire Dynamic Word International Church Inc ($342k), Catholic Shrine Pilgrimage Inc ($342k) and Good Counsel Charitable TR ($342k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $27k. At year end it held assets of $2.6m against liabilities of $1.6m, net assets of $1.1m. It reported 1 employees.