American Friends of Shimon Hatzadik

Analysis

American Friends of Shimon Hatzadik is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 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, American Friends of Shimon Hatzadik reported income of $591k and spending of $623k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $486k to $591k (+22%), an average of +22% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, American Friends of Shimon Hatzadik sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Kids Connect Charitable Fund ($591k), Serve Your City ($591k) and Masonic Charities of Florida Inc ($591k).

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 $88k against liabilities of $0, net assets of $88k.