Chesed Rachamim Inc

Analysis

Chesed Rachamim Inc is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in March 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, Chesed Rachamim Inc reported income of $196k and spending of $154k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $158k to $196k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 43% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chesed Rachamim Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include No Frills Fun Run ($196k), Vermont Ski Museum Inc ($196k) and Greater Cedar Rapids Open Inc ($196k).

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 $222k against liabilities of $0, net assets of $222k.