Chesed Help & Hope Inc

Analysis

Chesed Help & Hope Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2020, 6 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, Chesed Help & Hope Inc reported income of $134k and spending of $33k, leaving 76% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $62k to $134k (+117%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 577%. Over the whole period it spent 44% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chesed Help & Hope Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include First Place Endowment TR Fund ($134k), Precious Cargo Transportation for Children ($134k) and Key International Foundation ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $165k against liabilities of $808, net assets of $164k.