Bnai Raphael Chesed Organization Inc

Analysis

Bnai Raphael Chesed Organization Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 May 2023, Bnai Raphael Chesed Organization Inc reported income of $5.4m and spending of $5.5m, spending 102% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $1.7m to $5.4m (+224%), an average of +34% a year. The sharpest change came in the year to May 2022, when income rose by 110%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bnai Raphael Chesed Organization Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Interfaith Emergency Services Inc ($5.4m), Eastern Congo Initiative ($5.4m) and Kulturecity ($5.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $8,950. It paid $1,986 in professional fundraising fees. At year end it held assets of $268k against liabilities of $357k, net assets of -$89k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.