Knafayim Inc

Analysis

Knafayim Inc is a registered charity in United States, based in Brooklyn, NY. 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Knafayim Inc reported income of $561k and spending of $623k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $219k to $561k (+156%), an average of +37% a year. The sharpest change came in the year to June 2022, when income rose by 105%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Knafayim Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Friends & Co ($561k), Brenda Glass Multi Purpose Center ($561k) and New Beginnings Family & Childrens Services Inc ($561k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 30% of the total. Other salaries and wages came to $117k. At year end it held assets of $238k against liabilities of $96k, net assets of $142k. It reported 9 employees.