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Central Fund of Israel

Cedarhurst, NY · EIN 13-2992985 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending January 31, 2025 (tax year 2024) · View the filing · Correct or respond

Central Fund of Israel reported $96.9 million in revenue and $88.6 million in expenses for the fiscal year ending January 31, 2025. Of every $100 it spent, $99.74 went to program services, $0.26 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 98.2% of the total. The highest compensation it reported for one person was $120,000 (President). 1 person received more than $100,000 in reportable compensation. Revenue rose 101% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending January 31, 2025 · Form 990, Part IX, line 25 · total expenses $89M

For context, the median across 469 covered international, foreign affairs & national security charities: $89.04 programs, $8.28 management, $2.68 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending January 31, 2025 · Form 990, Part VIII · total revenue $97M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 469 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
99.7%86.1%
Management & general
Part IX 25(C) ÷ 25(A)
0.3%8.0%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%2.6%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.03
Contributions & grants share of revenue
Part VIII 1h ÷ 12
98.2%96.6%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
0.0%0.0%
Highest reported compensation
Part VII-A, columns D–F
$120,000$341,362
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.14%1.06%
People paid over $100,000
Part VII, line 2
110
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
6.47.5
Independent voting board members
Part VI 1a–1b
6 of 7100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$53M expenses · 59.5% of program spending · grants $53M

Community projects:The organization undertakes community projects which benefit the welfare of the citizens and the land of Israel. During this past year we witnessed another significant increase in Anti-Semitism in all its forms. The threats to the nation of Israel, the land of Israel, the people of Israel and the supporters of Israel all around the world continues to rise daily. All media, but particularly social media continues to see an explosion of classical Anti-Semitism and many new modern forms of hatred. Voices of demonstrations, boycotts, divestment, and even total destruction of…

$15M expenses · 17.4% of program spending · grants $15M

Social services, humanitarian aid, aid to the poor:Helping those in need is at the core of the organization. Charity means helping those in need whether it be in education, building structures, security or medicine. Our humanitarian aid is targeted to those people in need, whether it be monetary, physical or emotional. This category includes aid to food kitchens, children at risk, aid to terror victims and their families, aid to refugees and new immigrants, special education, after school programs, womens health programs etc.Due to the war which insued after Israel was attacked on Oct 7th…

$13M expenses · 14.3% of program spending · grants $13M

Support of educational programs and institutions: As in the past, there is a great overlap of humanitarian services as many educational programs service the humanitarian aspects of education as in scholarships and special education. There is also an overlap with community projects as there is a constant need to expand existing, and build new schools as the population increases.This category witnessed a large increase last year due to the war and this year has maintained that increased need

$7.8M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
President
Director/trustee, officer, 40.00 hrs/week
$120,000$0$0$120,000

1 people received more than $100,000 in reportable compensation from Central Fund of Israel (Part VII, line 2). Compensation of current officers, directors and key employees totaled $120K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$50M$100M$150M$200MFY2020FY2021FY2022FY2023FY2024FY2025$97M$89M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$97M$89M99.7%$47M$120,000
FY2024 ⓘ$109M$96M99.9%$39M$150,000
FY2023 ⓘ$74M$74M99.8%$26M$115,000
FY2022 ⓘ$55M$55M99.8%$26M$95,000
FY2021 ⓘ$49M$45M99.8%$26M$95,000
FY2020 ⓘ$48M$42M99.7%$21M$95,000

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b7 · 6 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aNo
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 50
  • Volunteers Part I, line 68

Private foundation grants it received

187 private foundations reported grants to Central Fund of Israel totaling $19M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Central Fund of Israel's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Central Fund of Israel, you can publish a response that is linked from this page.

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Questions people ask

How much of Central Fund of Israel's spending goes to programs?

In the fiscal year ending January 31, 2025, Central Fund of Israel reported that 99.7% of its $88.6 million in expenses went to program services, 0.3% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Central Fund of Israel pay its top executive?

The largest total compensation Central Fund of Israel reported for one person in the fiscal year ending January 31, 2025 was $120,000, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Central Fund of Israel get its money?

Of $96.9 million in revenue in the fiscal year ending January 31, 2025, 98.2% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Central Fund of Israel a registered charity?

The IRS lists EIN 13-2992985 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending January 31, 2025, object 202513539349300801 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending January 31, 2024, object 202443379349300134 · read the filing
  • FY2023: Form 990 for the fiscal year ending January 31, 2023, object 202431359349300218 · read the filing
  • FY2022: Form 990 for the fiscal year ending January 31, 2022, object 202213499349300101 · read the filing
  • FY2021: Form 990 for the fiscal year ending January 31, 2021, object 202123439349301277 · read the filing
  • FY2020: Form 990 for the fiscal year ending January 31, 2020, object 202023469349300902 · read the filing

All filings for EIN 13-2992985: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.