Fund for the Renewal of Jewish Life in Kaunas Inc

Analysis

Fund for the Renewal of Jewish Life in Kaunas Inc is a registered charity in United States, based in Cedarhurst, NY. It received its IRS tax-exemption ruling in March 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, Fund for the Renewal of Jewish Life in Kaunas Inc reported income of $408k and spending of $418k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $477k to $408k (-14%), an average of -5.0% a year. The sharpest change came in the year to December 2021, when income dropped by 53%. Over the whole period it spent 101% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Fund for the Renewal of Jewish Life in Kaunas Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Mena Leadership Center ($408k), Chaplains in Schools Inc ($409k) and Neighborhood Baptist Church ($408k).

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 $5,162 against liabilities of $0, net assets of $5,162.

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.