Friends of Yad Yitzchok Inc

Analysis

Friends of Yad Yitzchok Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2016, 10 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 December 2023, Friends of Yad Yitzchok Inc reported income of $469k and spending of $409k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $256k to $469k (+83%), an average of +83% a year. The sharpest change came in the year to December 2023, when income rose by 83%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Yad Yitzchok Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Buckinghams Choice Residents Association Inc ($468k), Arizona Caregiver Coalition Inc ($469k) and Urban Promise Ministries Community Development Inc ($468k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.