Emunah Project Inc

Analysis

Emunah Project Inc is a registered charity in United States, based in Jackson, NJ. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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 2022, Emunah Project Inc reported income of $102k and spending of $105k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $293k to $102k (-65%), an average of -30% a year. The sharpest change came in the year to December 2021, when income dropped by 71%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Emunah Project Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 45th percentile within NJ. Charities of a similar size with the same main cause include Bemidji Senior Center ($102k), World Wide Ministries ($102k) and Oklahoma Literacy Coalition Inc ($102k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $13k (12% of expenses). It paid $15k in professional fundraising fees. At year end it held assets of $943 against liabilities of $0, net assets of $943.