Emunas Dovid Inc

Analysis

Emunas Dovid Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in August 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2022, Emunas Dovid Inc reported income of $211k and spending of $294k, spending 139% of what it took in. Across the 2 years on record, from August 2021 to August 2022, income fell from $371k to $211k (-43%), an average of -43% a year. The sharpest change came in the year to August 2022, when income dropped by 43%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Emunas Dovid Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 62nd percentile within NJ. Charities of a similar size with the same main cause include Step Forward Scholarship Fund ($211k), Eta Pi Chapter Foundation Inc ($211k) and Godwins Golden G ($211k).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $105k against liabilities of $0, net assets of $105k.