Agudas Tov Vchesed Inc

The information for Agudas Tov Vchesed Inc is as of the organization's most recent filing in December 2019. This organization is located in Monsey, NY. It has been in existence for 14 years, following its founding in 2005.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

Agudas Tov Vchesed Inc's NTEE code is Q33. The "Q" tells us that the organization is classified along with International, Foreign Affairs & National Security. The "33" tells us that the organization is an International Relief organization. The NTEE describes International Relief organizations as those that work to relieve poverty in developing countries by providing funds, technical assistance and supplies which improve the health, education, welfare, social well-being and self-reliance of individuals and families.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of Agudas Tov Vchesed Inc is to provide grants for needy individuals and organizations.

Program Areas

Program Area 1: Within this program area, grants were awarded to more than 20 organizations to relieve Jewish poverty.

Program Area 2: We awarded grants to more than 80 needy families to support them in difficult times.

Board Governance

Agudas Tov Vchesed Inc is well-governed, with five voting members and five independent members. Potential conflicts of interest do not exist, and the organization has not delegated management to an outside firm. Board meetings are documented, and the organization has a conflict of interest policy. However, the organization does not require disclosure of conflicts, have a written whistleblower policy, document retention policy, substantiate and review leadership or officer salaries, or provide copies of the 990 to the board prior to filing. Despite these shortcomings, Agudas Tov Vchesed Inc is still well-governed overall.

Grant History

Our dataset has five years of grant history for Agudas Tov Vchesed Inc. In that time, they have awarded 37 grants, with an average check size of $166,500. The majority of grants (30) have been awarded in the International, Foreign Affairs & National Security sector. Additionally, the organization most frequently awards grants in the state of New York (34) and New Jersey (2).

Organization Growth

Overall, Agudas Tov Vchesed Inc has seen growth over the past five years. Contributions & Grants Received and Total Revenue both increased from 2014 to 2019. Grants Paid and Total Expenses also increased significantly over the same time period. Investment Income was not meaningful over this time period.