Gemach Chessed Inc

Analysis

Gemach Chessed Inc is a registered charity in United States, based in Pikesville, MD. It received its IRS tax-exemption ruling in June 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, Gemach Chessed Inc reported income of $1.5m and spending of $1.6m, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.1m to $1.5m (+34%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gemach Chessed Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MD. Charities of a similar size with the same main cause include Greater Williamsburg Community TR Inc ($1.5m), Lehava-Rctt Reviving Communities Through Torah Inc ($1.5m) and American Museum of Science and Energy Foundation Inc ($1.5m).

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 $134k against liabilities of $503k, net assets of -$369k.