Zichron Shimshon Foundation Inc

Analysis

Zichron Shimshon Foundation Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in August 2022, 4 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, Zichron Shimshon Foundation Inc reported income of $116k and spending of $103k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $116k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 151% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Zichron Shimshon Foundation Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Childrens Hope Chest Inc ($116k), Beautiful Gate Foundation ($116k) and Faith Community Hospital Charitable Foundation ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,517 against liabilities of $13k, net assets of -$3,183.