Vip Bais Hachaim Inc

Analysis

Vip Bais Hachaim Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in March 2022, 4 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, Vip Bais Hachaim Inc reported income of $233k and spending of $209k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $233k (+113%), an average of +113% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Vip Bais Hachaim Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Georgia Club Foundation ($233k), Torah-Synagogue Foundation ($233k) and Abi International Inc ($232k).

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 $49k against liabilities of $0, net assets of $49k.