Chesed Foundation Of America
Chesed Foundation Of America shows highly volatile revenue and expenses with consistent zero officer compensation.
EIN: 133922068 · New York, NY · NTEE: T22Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $163.9M |
| Total Expenses | $3.8M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $250 |
| Net Assets | $255.8M |
| Transparency Score | 65/100 |
Is Chesed Foundation Of America Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chesed Foundation Of America directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Chesed Foundation Of America
Chesed Foundation Of America (EIN: 133922068) is a nonprofit organization based in New York, NY, classified under NTEE code T22Z. The organization reported total revenue of $163.9M and total assets of $250.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chesed Foundation Of America's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chesed Foundation Of America is a major nonprofit that has been operating for 28 years, with 9 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $8.1M |
| Total Expenses | $3.8M |
| Surplus / Deficit | +$4.2M |
| Total Assets | $255.8M |
| Total Liabilities | $1 |
| Net Assets | $255.8M |
| Operating Margin | 52.6% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 804.0 months |
Financial Health Grade: A
In 2024, Chesed Foundation Of America reported a surplus of $4.2M with revenue exceeding expenses, holds 804.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2024), Chesed Foundation Of America's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -6.9% | -78.9% | +1.2% |
| 2023 | +20.6% | +127.4% | -3.3% |
| 2022 | +5.6% | +190.1% | +59.5% |
| 2021 | +308.5% | -10.7% | +2.4% |
| 2020 | -85.0% | -97.0% | +17.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chesed Foundation Of America with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Chesed Foundation Of America allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $4.2M, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% for officers across all available filings, which is unusual for an organization with assets exceeding $250 million and annual revenues often in the millions. This suggests either a fully volunteer executive leadership or that compensation is categorized differently and not reported under 'Officer Comp'.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Chesed Foundation Of America's IRS 990 filings:
- Highly volatile revenue and expense figures year-over-year, making financial planning and stability difficult to assess.
- Consistent reporting of $1 in liabilities, which is an unusual and potentially misleading figure for an organization of this size.
- Significant deficits in multiple years (e.g., 201506, 202306), indicating periods where expenses far outstripped revenue.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided data, hindering a full assessment of spending efficiency.
- The latest reported revenue of $163,892,930 is an extreme outlier compared to historical trends, requiring further context.
Strengths
The following positive indicators were identified for Chesed Foundation Of America:
- Consistent reporting of 0% officer compensation, indicating either a volunteer-led executive team or highly efficient leadership cost management.
- Substantial asset base, with assets consistently over $160 million in recent years and reaching $255,841,142 in 202406.
- Periods of strong financial surplus (e.g., 202406, 202106), demonstrating capacity for effective resource generation and management in certain years.
Frequently Asked Questions about Chesed Foundation Of America
Is Chesed Foundation Of America a legitimate charity?
Chesed Foundation Of America (EIN: 133922068) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 65/100. It has 9 years of IRS 990 filings on record. Total revenue: $163.9M. 5 red flags identified. 3 strengths noted. Financial health grade: A.
How does Chesed Foundation Of America spend its money?
Chesed Foundation Of America directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Chesed Foundation Of America tax-deductible?
Chesed Foundation Of America is registered as a tax-exempt nonprofit (EIN: 133922068). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Chesed Foundation Of America CEO make?
Chesed Foundation Of America's highest-compensated officer earns $250 annually. The organization reported $163.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Chesed Foundation Of America's spending goes to programs?
Chesed Foundation Of America directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Chesed Foundation Of America compare to similar nonprofits?
With a transparency score of 65/100 (Good), Chesed Foundation Of America is above average for NTEE category T22Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Chesed Foundation Of America located?
Chesed Foundation Of America is headquartered in New York, New York and files with the IRS under EIN 133922068. It is classified under NTEE code T22Z.
How many years of IRS 990 filings does Chesed Foundation Of America have?
Chesed Foundation Of America has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $163.9M in total revenue.
Why does the organization consistently report $1 in liabilities?
The consistent reporting of $1 in liabilities across multiple years, despite significant assets and financial activity, is highly unusual and warrants further investigation into the organization's financial structure and reporting practices.
What accounts for the extreme fluctuations in annual revenue and expenses?
The organization experienced a revenue of $163,892,930 in its latest period, a stark contrast to its typical annual revenues ranging from $1.6M to $15.7M. Similarly, expenses have varied wildly, from $2.7M to over $102M. Understanding the drivers behind these large swings is crucial for assessing financial stability.
How are executive leadership costs covered if officer compensation is 0%?
With 0% officer compensation reported, it's unclear how the organization's executive leadership is compensated, or if it operates with an entirely volunteer executive team. This could impact the understanding of administrative overhead.
What is the detailed breakdown of program, administrative, and fundraising expenses?
Without a detailed breakdown of expenses, it's challenging to accurately assess the organization's spending efficiency and how much of its funds directly support its mission-related programs versus overhead.
What caused the significant deficit in 201506, where expenses were $102,566,361 against revenue of $11,093,580?
The massive deficit in 201506, with expenses nearly ten times revenue, represents a significant financial event that would require further explanation to understand its impact and the organization's ability to recover.
Filing History
IRS 990 filing history for Chesed Foundation Of America showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2024), Chesed Foundation Of America's revenue has grown by 64.7%, moving from $4.9M to $8.1M. Total assets increased by 63.9% over the same period, from $156.1M to $255.8M. Total functional expenses fell by 36%, from $6.0M to $3.8M. In its most recent filing year (2024), Chesed Foundation Of America reported a surplus of $4.2M, with revenue exceeding expenses. The organization holds $1 in liabilities against $255.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $255.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $8.1M | $3.8M | $255.8M | $1 | — | View 990 |
| 2023 | $8.7M | $18.1M | $252.9M | $1 | — | View 990 |
| 2022 | $7.2M | $7.9M | $261.4M | $1 | — | View 990 |
| 2021 | $6.8M | $2.7M | $163.9M | $1 | — | — |
| 2020 | $1.7M | $3.1M | $160.0M | $1 | — | — |
| 2015 | $11.1M | $102.6M | $135.9M | $0 | — | View 990 |
| 2014 | $4.3M | $11.5M | $148.0M | $0 | — | View 990 |
| 2013 | $15.8M | $11.2M | $151.2M | $0 | — | View 990 |
| 2012 | $4.9M | $6.0M | $156.1M | $9.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $8.1M, expenses of $3.8M, and assets of $255.8M (revenue -6.9% year-over-year).
- 2023: Revenue of $8.7M, expenses of $18.1M, and assets of $252.9M (revenue +20.6% year-over-year).
- 2022: Revenue of $7.2M, expenses of $7.9M, and assets of $261.4M (revenue +5.6% year-over-year).
- 2021: Revenue of $6.8M, expenses of $2.7M, and assets of $163.9M (revenue +308.5% year-over-year).
- 2020: Revenue of $1.7M, expenses of $3.1M, and assets of $160.0M (revenue -85.0% year-over-year).
- 2015: Revenue of $11.1M, expenses of $102.6M, and assets of $135.9M (revenue +158.9% year-over-year).
- 2014: Revenue of $4.3M, expenses of $11.5M, and assets of $148.0M (revenue -72.9% year-over-year).
- 2013: Revenue of $15.8M, expenses of $11.2M, and assets of $151.2M (revenue +222.7% year-over-year).
- 2012: Revenue of $4.9M, expenses of $6.0M, and assets of $156.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chesed Foundation Of America:
Data Sources and Methodology
This transparency report for Chesed Foundation Of America is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.