Nefesh Monuments

Analysis

Nefesh Monuments is a registered charity in United States, based in Lake Worth, FL. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Nefesh Monuments reported income of $527k and spending of $1.0m, spending 198% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $493k to $527k (+6.8%), an average of +2.2% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Nefesh Monuments sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Machzikei Torah Inc ($527k), Young Sephardic Community Center ($527k) and Revelation Ministries Incorporated ($526k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% of the total. Other salaries and wages came to $571k. At year end it held assets of $782k against liabilities of $17k, net assets of $765k. It reported 10 employees.