Tzedakah Assistance Fund

Analysis

Tzedakah Assistance Fund is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tzedakah Assistance Fund reported income of $896k and spending of $205k, leaving 77% of income unspent that year. Across the 3 years on record, from December 2019 to December 2023, income grew from $579k to $896k (+55%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 1763%. Over the whole period it spent 62% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tzedakah Assistance Fund 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 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Houston Durga Bari Society ($896k), His Hands on Africa Inc ($896k) and Redemption Bridge ($895k).

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 $848k against liabilities of $504k, net assets of $344k.