Shmitah Fund Inc

Analysis

Shmitah Fund Inc is a registered charity in United States, based in Suffern, NY. It received its IRS tax-exemption ruling in December 2021, 5 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, Shmitah Fund Inc reported income of $76k and spending of $13k, leaving 82% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $238k to $76k (-68%), an average of -68% a year. The sharpest change came in the year to December 2023, when income dropped by 68%. Over the whole period it spent 17% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Shmitah Fund Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within NY. Charities of a similar size with the same main cause include Oak Creek Lions Community Foundation Inc ($76k), Himalaya Foundation ($76k) and Channel Islands Park Foundation ($76k).

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 $276k against liabilities of $0, net assets of $276k.