Tidewater Jewish Foundation Inc

Analysis

Tidewater Jewish Foundation Inc is a registered charity in United States, based in Virginia Beach, VA. It received its IRS tax-exemption ruling in February 1993, 33 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 June 2023, Tidewater Jewish Foundation Inc reported income of $11.5m and spending of $12.4m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.2m to $11.5m (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tidewater Jewish Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Americas Best Local Charities ($11.4m), Jewish Community Federation of Greater Rochester Ny Inc ($11.5m) and Poise Foundation ($11.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 4.6% of the total. Compensation of current officers, directors and key employees was $382k (3.1% of expenses). Other salaries and wages came to $221k. At year end it held assets of $62.1m against liabilities of $1.2m, net assets of $60.9m. It reported 6 employees.