Israel Medical Fund Corp

Analysis

Israel Medical Fund Corp is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Israel Medical Fund Corp reported income of $8.5m and spending of $9.0m, spending 106% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.5m to $8.5m (+234%), an average of +50% a year. The sharpest change came in the year to December 2021, when income rose by 97%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Israel Medical Fund Corp sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Mhy Family Services ($8.5m), Womens Center & Shelter of Greater PGH ($8.5m) and Wounded Warrior Project Long Term Support TR ($8.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $58k. At year end it held assets of $2.0m against liabilities of $1.3m, net assets of $655k.