Friends of Ner Yitzhak Inc

Analysis

Friends of Ner Yitzhak Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 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, Friends of Ner Yitzhak Inc reported income of $210k and spending of $135k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $198k to $210k (+6.0%), an average of +6.0% a year. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Ner Yitzhak Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Hortense B Perry Foundation Inc ($210k), Ranger Junior College Foundation Inc ($210k) and Unity Music Foundation ($210k).

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 $156k against liabilities of $0, net assets of $156k.