The Binyamin Fund Inc

Analysis

The Binyamin Fund Inc is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, The Binyamin Fund Inc reported income of $3.0m and spending of $2.9m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $471k to $3.0m (+530%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 249%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Binyamin Fund Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Educate Tomorrow Corp ($3.0m), Walker Center for Ecumenical Exchange Inc ($3.0m) and Center for Survivors of Torture ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $45k in professional fundraising fees. At year end it held assets of $214k against liabilities of $3,285, net assets of $211k.