Tiferet Rabbi Akiva Inc

Analysis

Tiferet Rabbi Akiva Inc is a registered charity in United States, based in Merrick, NY. It received its IRS tax-exemption ruling in February 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, Tiferet Rabbi Akiva Inc reported income of $2.9m and spending of $2.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $2.9m (+122%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 113%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tiferet Rabbi Akiva Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include Columbine Community Foundation for Grand County ($2.9m), Tiferes Yisroel Inc ($2.9m) and Burton Family Foundation ($2.9m).

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 $18k (0.6% of expenses). It paid $19k in professional fundraising fees. At year end it held assets of $282k against liabilities of $479, net assets of $281k.