Charidy Foundation: Nonprofit Profile, Financials & Form 990 (EIN 84-3866384)

Revenue by fiscal year
FY2021	$1.4M
FY2022	$2.0M
FY2023	$3.4M

Expenses by fiscal year
FY2021	$1.6M
FY2022	$2.4M
FY2023	$3.0M

Net assets by fiscal year
FY2021	−$267K
FY2022	−$591K
FY2023	−$262K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in May 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

85%

15%

Program services 85% · $2.6M Management & general 15% · $443K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation

Yehuda Gurwitz

Director

$0Pt VII · Sec A

Menachem M Cohen

President

$0Pt VII · Sec A

Tzvi H Stolik

Director

$0Pt VII · Sec A

Matthew Storfer

Director

$0Pt VII · Sec A

Raviv Shefet

Secretary & CFO

$0Pt VII · Sec A

See Charidy Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo
Loans to or from officersSch L · Pt II1 listed

Programs and updates

Empowers people to give more money to nonprofits through education and technology.

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Provided by the organization

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1 program · $2.6M · in their own filed words · FY2023

01

Charidy global foundation was formed for the charitable purpose of increasing the giving space through multiple different means and create educational and technological tools to enable and empower people to give more money to nonprofit organizations.

$2.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Gs Donor Advised Philanthropy Fund for Wealth Management INCFY2024$90K

Fidelity Investments Charitable Gift FundFY2024$79K

Vanguard Charitable Endowment ProgramFY2024$72K

Kolel Torah INCFY2024$30K

Combined Jewish Philanthropies of Greater Boston INCFY2024$25K

Jewish Communal FundFY2024$18K

The Hbag FoundationFY2024$10K

The Stainfeld Family FoundationFY2024$5K

Total grants receivedfrom 13 funders$339K

See all 13 funders →

Grants paid · 68 grants · $1.4M · 2021–2023

Grasshopper LLCFY2023$279,000

Gosephardic INCNY · FY2023$173,579

Halacha Education CenterNJ · FY2023$50,196

Lior Group LLCFY2023$34,460

Tsedaka Center INC Po Box 123FL · FY2023$29,517

Chabad Relief Project INCNY · FY2023$15,899

Lev Chabad INCNY · FY2023$13,201

Cong Chasdei YitzchokNY · FY2023$12,752

Chabad Youth Queens INCNY · FY2023$10,000

Brit Yosef Itzchak of America INCFL · FY2023$8,874

Unitemized GrantFY2023$7,900

Ezrat Israel INCNY · FY2023$7,367

Kolel Torah INCNY · FY2023$7,337

Chabad of Argentina Relief Appeal INCNY · FY2023$6,748

Chabad ChayilFL · FY2023$6,183

Jewish EmeryvilleCA · FY2023$5,973

Irgun Limud HatanyaNY · FY2023$5,500

Merkos Chabad-Lubavitch OrganizationAZ · FY2023$5,081

See all 68 grants →

By the numbers

The FY2023 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$3.4M

Ln 12

Gifts and grantsLn 1h$3.4M

Money outPt IX

$3.0M

Ln 25

Programscol B$2.6M

Managementcol C$443K

Owns and owesPt X

−$262K

net assets · Ln 32

Cash and savingsLn 1–2$321K

Total assetsLn 16$457K

LiabilitiesLn 26$719K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a4

IndependentVI 1b4

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$3.4M

Total revenueLn 12$3.4M

Assets in detailPt X, end of year

CashLn 1$321K

Cash and savings togetherLn 1–2$321K

Total assetsLn 16$457K

LiabilitiesLn 26$719K

Net assetsLn 32−$262K

OperationsPt I, VI

EmployeesI 50

VolunteersI 65

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$111K	$321K
Total assetsLn 16	$151K	$457K
LiabilitiesLn 26	$742K	$719K
Net assetsLn 32	−$591K	−$262K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$965K	$965K
Grants to domestic individualsLn 2	$8K	$8K
Grants and assistance to foreign recipientsLn 3	$1.6M	$1.6M
Accounting feesLn 11c	$215K		$215K
Advertising and promotionLn 12	$12K		$12K
Office expensesLn 13	$207K		$207K
TravelLn 17	$5K		$5K
Depreciation, depletion and amortizationLn 22	$4K		$4K
Total functional expensesLn 25	$3.0M	$2.6M	$443K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 Latest Viewing	$3.4M	$3.0M	$329K	−$262K	990 PDF
FY2022	$2.0M	$2.4M	−$323K	−$591K	990 PDF
FY2021	$1.4M	$1.6M	−$267K	−$267K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $3,361,086 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $2,038,694$3,361,086

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $2,038,694$3,361,086

I-13 Grants and similar amounts paidPrior year $2,146,950$2,589,100

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $215,173$443,272

I-18 Total expensesPrior year $2,362,123$3,032,372

I-19 Revenue less expensesPrior year −$323,429$328,714

Part VI · Governance 4 of 4 board members independent, 1 to look at

VI-1a Voting members of the governing body4

VI-1b Independent voting members4

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $3,361,086 across 3 lines filed

VIII-1f All other contributions, gifts and grants$3,361,086

VIII-1h Total contributions, gifts and grants$3,361,086

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$3,361,086

Part IX · Statement of functional expenses $3,032,372 across 8 lines filed

IX-1 Grants to domestic organizationsPrograms $964,809$964,809

IX-2 Grants to domestic individualsPrograms $7,900$7,900

IX-3 Grants and assistance to foreign recipientsPrograms $1,616,391$1,616,391

IX-11c Accounting feesManagement $215,000$215,000

IX-12 Advertising and promotionManagement $12,276$12,276

IX-13 Office expensesManagement $206,970$206,970

IX-17 TravelManagement $5,026$5,026

IX-22 Depreciation, depletion and amortizationManagement $4,000$4,000

IX-25 Total functional expensesPrograms $2,589,100 · Management $443,272 · Fundraising $0$3,032,372

Part X · Balance sheet $457,231 assets, 8 lines filed

Asset lines not itemized here account for $130,588; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $111,177$320,643

X-14 Intangible assetsStart of year $10,000$6,000

X-16 Total assetsStart of year $151,177$457,231

X-17 Accounts payable and accrued expensesStart of year $741,859$606,699

X-26 Total liabilitiesStart of year $741,859$719,199

X-27 Net assets without donor restrictionsStart of year −$590,682−$261,968

X-32 Total net assets or fund balancesStart of year −$590,682−$261,968

X-33 Total liabilities and net assetsStart of year $151,177$457,231

Part XI · Reconciliation of net assets −$261,968 net assets at year end

XI-1 Total revenue$3,361,086

XI-2 Total expenses$3,032,372

XI-3 Revenue less expenses$328,714

XI-4 Net assets at start of year−$590,682

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$261,968

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Charidy Foundation

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Charidy Foundation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV