Nachzik Chazak Inc

Analysis

Nachzik Chazak Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 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, Nachzik Chazak Inc reported income of $1.1m and spending of $1.3m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $372k to $1.1m (+209%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 87%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nachzik Chazak Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Brightmoor Alliance Inc ($1.1m), Cathedral Center ($1.1m) and San Miguel Resource Center ($1.1m).

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 $39k against liabilities of $0, net assets of $39k.