Zichron Chaim Charity
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
F
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
100%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 100 cents are available for programs.
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OVERVIEW
About Zichron Chaim Charity:
Zichron Chaim Charity is a 0-star charity. It is not financially transparent, does not report its overhead spending, and does not have audited financial statements nor a website. Read Charity Intelligence's report before you give.
As per its T3010 filing, Zichron Chaim Charity (ZCC) provides poverty relief and adult education. The charity spent $25.9m on its programs in 2022. ZCC does not have a website or publicly available information about its programs online. The most recent T3010 available at the time of this update is from 2022.
In its 2022 T3010 filing ZCC reports transferring $20.5m to David Mueller in Israel. It also reports transferring $3.9m to Rabbi Jacob Gutman in the United States. It is unclear what connection these individuals have to ZCC.
ZCC spent $1.6m on its grants in 2022. The charity’s largest grant ($463k) was to L'institution Kupat Torah Vechiesed, for which information cannot be found online.
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Results and Impact
Zichron Chaim Charity does not have a website or publicly available information about its results and impact online.
Charity Intelligence has given Zichron Chaim Charity a Low impact rating based on demonstrated impact per dollar spent.
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Finances
Financial analysis is based on the charity’s most recent T3010 filings. ZCC’s financial statements are not audited. Zichron Chaim Charity had total donations of $26.9m in 2022. The Charities Directorate of Canada recommends every charity with over $250k in donations have audited financial statements. Ci recommends that donors seek additional information on this charity before donating.
In 2022, reported administrative costs were less than 1% of revenues, and the charity did not report fundraising costs. This results in total overhead spending of less than 1%. For every dollar donated, almost 100 cents go to the cause. This is outside Ci’s reasonable range for overhead spending, as overhead spending at this level is extremely rare and often means the charity has not reported properly.
In 2022 Zichron Chaim Charity spent $27.5m on its programs and grants, which is 102% of its revenue. In 2022 it had a deficit of $638k.
Zichron Chaim Charity has $1.4m in reserve funds. This can cover 5%, or less than one month of its annual program spending.
Zichron Chaim Charity does not report any paid employees on its T3010 filings.
This charity report is an update that has been sent for review to Zichron Chaim Charity. Changes and edits may be forthcoming.
Updated on July 23, 2024, by Grady Simpson.
Financial Review
Fiscal year ending December
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 0.2% | 0.1% | 0.1% |
| Fundraising costs as % of donations | 0.0% | 0.0% | 0.0% |
| Total overhead spending | 0.2% | 0.1% | 0.1% |
| Program cost coverage (%) | 4.9% | 9.2% | 5.4% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 26,934 | 22,806 | 19,277 |
| Total revenues | 26,934 | 22,806 | 19,277 |
| Program costs | 25,907 | 20,430 | 18,746 |
| Grants | 1,611 | 1,344 | 832 |
| Administrative costs | 54 | 24 | 20 |
| Fundraising costs | 0 | 0 | 0 |
| Total spending | 27,572 | 21,798 | 19,598 |
| Cash flow from operations | (638) | 1,009 | (321) |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 1,349 | 2,005 | 1,063 |
Note: T3010: The most recent T3010 available during this update was from 2022. UNAUDITED STATEMENTS: Financial statements are not audited.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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