Yad Elka Inc

Analysis

Yad Elka Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Yad Elka Inc reported income of $26.7m and spending of $26.6m, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $19.9m to $26.7m (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Yad Elka Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Georgia Federal-State Shipping Point Inspection Service Inc ($26.7m), Dream Center Foundation a California Non Profit Corporation ($26.7m) and Young Mens Christian Assoc of Birmingham ($26.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $39k. At year end it held assets of $750k against liabilities of $625k, net assets of $125k.