American Friends of Zichron Nechama Inc

Analysis

American Friends of Zichron Nechama Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, American Friends of Zichron Nechama Inc reported income of $3.3m and spending of $3.2m, spending 97% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $263k to $3.3m (+1144%), an average of +253% a year. The sharpest change came in the year to December 2022, when income rose by 737%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, American Friends of Zichron Nechama Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Classical Theatre of Harlem ($3.3m), Armenian American Museum and Cultural Center of California ($3.3m) and Discovery Gateway ($3.3m).

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