Overview
What is Charityex Foundation Inc?
Charityex Foundation Inc, located in Brooklyn, New York, serves as a nonprofit organization dedicated to fostering Jewish religious commitment and practice. Through their activities and mission, they aim to promote and strengthen Jewish religious observance. The charitable work of this organization is focused on supporting causes that align with these beliefs, contributing to the Jewish community in meaningful ways.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Charityex Foundation Inc has received a low rating of 53%, indicating significant concerns regarding its accountability and financial practices. The organization has a complete lack of independent board members, which raises questions about governance and oversight. Although there are no reported issues with the diversion of assets, the absence of a conflict of interest policy, whistleblower policy, and other essential governance documents detracts from its credibility.
On a more positive note, the charity shows a strong program expense ratio of 99.50%, indicating that nearly all its funds are directed towards its programs rather than administrative costs. Additionally, it has a favorable liabilities to assets ratio of 0.00%, suggesting that it is not over-leveraged financially. However, the missing elements related to transparency and accountability policies could undermine the trust of potential donors.
Overall, while the charity appears to be effective in utilizing funds for its intended purpose, the notable gaps in its governance structure and policy documentation are concerning. Prospective donors may want to consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Charityex Foundation Inc legitimate?
Charityex Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charityex Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Charityex Foundation Inc?
The Charityex Foundation Inc's mission revolves around supporting causes that foster the advancement of Jewish religious beliefs and practices. Their primary objective is to contribute to initiatives that strengthen the religious adherence and practices within the Jewish community. By doing so, the foundation aims to make a significant impact in promoting and preserving Jewish religious traditions and values.
Who is the CEO of Charityex Foundation Inc?
Zeev Gopin is the Director of Charityex Foundation Inc.
What is the revenue of Charityex Foundation Inc?
Charityex Foundation Inc's revenue in 2022 was $865,250.
Who are the executives of Charityex Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Charityex Foundation Inc?
Charityex Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Charityex Foundation Inc
Charityex Foundation Inc is an organization that is committed to supporting causes that foster Jewish religious adherence and practice. Their mission is centered around advancing Jewish religious beliefs and practices in various ways. The foundation's activities are geared towards promoting religious observance and engagement within the Jewish community. By supporting these causes, Charityex Foundation Inc aims to contribute to the strengthening of Jewish religious traditions and values.
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Impact
July, 2024
Charityex Foundation Inc's impact lies in supporting causes that advance Jewish religious adherence and practice. By focusing on promoting education and initiatives that strengthen Jewish religious observance, the foundation plays a critical role in preserving and promoting the traditions and values of the Jewish faith. Through its efforts, Charityex Foundation Inc contributes to the enrichment and sustainability of Jewish communities, ensuring a vibrant future for generations to come.
This information is meant to be a general summary of Charityex Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $865,250
Assets and Liabilities:
- Total Assets: $182,341
- Total Liabilities: $0
- Net Assets: $182,341
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Organization Details
Founding Year
2019
Principal Officer
Zeev Gopin
Main Address
798 Montgomery Street STE 2nd Fl, Brooklyn, NY, 11213
NTEE Category
Code: B82 - Education
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