848 Charity Fund
- Assets
- $345.4k
- Revenue
- $30.7k
- Investments
- $165.1k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 08/1990
- Data as of
- 12/2023
- EIN
- 11-2994491
Organization Overview
848 Charity Fund is located in Brooklyn, NY. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 848 Charity Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, 848 Charity Fund generated $30.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $69.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, 848 Charity Fund has awarded 94 individual grants totaling $1,013,437. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernard Newman President | 1 | $0 | |
Sarah Newman Vice Preside | 1 | $0 | |
Yossef Newman Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $27,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,719 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,719 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $148 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20 |
| Total operating and administrative expenses | $2,562 |
| Contributions, gifts, grants paid | $66,659 |
| Total expenses and disbursements | $69,221 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,874 |
| Savings and temporary cash investments | $908 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $49,540 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $65,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $345,419 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, 848 Charity Fund has awarded $66,659 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS SMALLER PURPOSE: VARIOUS | $24,059 |
NETINA VECHINUCH BECHEN UVECHESED PURPOSE: RELIGIOUS | $14,000 |
CONG MESIVTA PURPOSE: RELIGIOUS | $13,000 |
KNESSET YEHUDA PURPOSE: RELIGIOUS | $10,600 |
PEF ISRAEL ENDOWMENT FUNDS INC PURPOSE: AID | $5,000 |