Igud Hamechanchim Inc

Analysis

Igud Hamechanchim Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Igud Hamechanchim Inc reported income of $698k and spending of $715k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $444k to $698k (+57%), an average of +57% a year. The sharpest change came in the year to December 2023, when income rose by 57%. Over the whole period it spent 103% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Igud Hamechanchim Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include A & K Family Learning Place Inc ($697k), Camp Beausite Northwest ($699k) and Boys & Girls Clubs of the Danville Area ($697k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $47k (6.5% of expenses). Other salaries and wages came to $13k. At year end it held assets of $838 against liabilities of $4,463, net assets of -$3,625. It reported 2 employees.