Merkaz Hatzedaka Corp

Analysis

Merkaz Hatzedaka Corp is a registered charity in United States, based in Matawan, NJ. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Merkaz Hatzedaka Corp reported income of $2.0m and spending of $2.1m, spending 106% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $88k to $2.0m (+2199%), an average of +380% a year. The sharpest change came in the year to December 2022, when income rose by 1229%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Merkaz Hatzedaka Corp sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Sheet Metal and Air Conditioning Aprnticeship/Jrnyman Training Fund ($2.0m), Uptown Consortium Inc ($2.0m) and Sacvalley Medshare ($2.0m).

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 $168k against liabilities of $0, net assets of $168k.