Jack E and Rachel Gindi Foundation

Analysis

Jack E and Rachel Gindi Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in December 1986, 40 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Jack E and Rachel Gindi Foundation reported income of $1.7m and spending of $1.4m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.7m (-2.7%), an average of -0.7% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jack E and Rachel Gindi Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Clean Power Institute ($1.7m), Goodwill Works of the Chesapeake Inc ($1.7m) and Kristi Yamaguchi Always Dream ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $21.9m against liabilities of $1.7m, net assets of $20.2m.