South Florida Chesed Inc

Analysis

South Florida Chesed Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in November 2018, 8 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, South Florida Chesed Inc reported income of $104k and spending of $135k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $213k to $104k (-51%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 40%. Over the whole period it spent 65% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, South Florida Chesed Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Houston Gman Classic Inc ($104k), Moustaches for Kids ($104k) and Anvil of Hope ($104k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $36k (27% of expenses). At year end it held assets of $255k against liabilities of $0, net assets of $255k.