Tzedek Association Inc

Analysis

Tzedek Association Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2022, 4 years ago. 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 November 2022, Tzedek Association Inc reported income of $2.5m and spending of $1.6m, leaving 34% of income unspent that year. Across the 4 years on record, from November 2019 to November 2022, income grew from $143k to $2.5m (+1625%), an average of +158% a year. The sharpest change came in the year to November 2020, when income rose by 453%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tzedek Association Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include Macdonald-Laurier Institute ($2.5m), New Art Publications Inc ($2.5m) and Westlake Christian Academy ($2.5m).

On its Form 990 for the period ending November 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $5,800 (0.4% of expenses). Other salaries and wages came to $171k. At year end it held assets of $1.3m against liabilities of $46k, net assets of $1.3m.