My Tzedakah Fund Inc

Analysis

My Tzedakah Fund Inc is a registered charity in United States, based in Woodmere, NY. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 2023, My Tzedakah Fund Inc reported income of $247k and spending of $269k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $94k to $247k (+164%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 206%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, My Tzedakah Fund Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 55th percentile within NY. Charities of a similar size with the same main cause include Jimmys Bike Drive Inc ($247k), United Way of Southington Inc ($247k) and Childrens Rescue Initiative Inc ($247k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $3,000 (1.1% of expenses). At year end it held assets of $50k against liabilities of $0, net assets of $50k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.