Lakewood Emergency Chesed Fund Inc

Analysis

Lakewood Emergency Chesed Fund Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in August 2019, 7 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 December 2023, Lakewood Emergency Chesed Fund Inc reported income of $333k and spending of $333k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $265k to $333k (+26%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 92%. 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, Lakewood Emergency Chesed Fund Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 70th percentile within NJ. Charities of a similar size with the same main cause include Human Dignity Foundation ($333k), LA LA Land Foundation Inc ($333k) and Joseph F Weldy Home for Children Inc ($333k).

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 $49 against liabilities of $0, net assets of $49.