Central Fund of Israel
100% goes to programs $0 to raise $100 Strong reserves Growing revenue
Central Fund of Israel is a 501(c)(3) organization based in Cedarhurst, New York, registered in 1979, with $96,947,478 in FY2024 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
461 Central Ave, Cedarhurst, NY, 11516 EIN 13-2992985 Since 1979
Revenue (FY2024)
$96.9M
▼ 11.2% vs prior year
International median: $227K
Expenses (FY2024)
$88.6M
Net assets
$47.3M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Central Fund of Israel: 100% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating6 mo reserves · +9% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Central Fund of Israel: 6 mo reserves · +9% margin earns a A on this criterion. See the exact thresholds →
C+Governance25% of the rating3 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Central Fund of Israel: 3 of 6 checks met earns a C+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Central Fund of Israel: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Promoting charitable activities in israel
What they do
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, 2023, the need for these social services increased by many millions of dollars as the needs were so great for refugees. the traumas from ptsd in israel today is a major issue and we have multiple organizations dealing with this from many different angles.
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.
Security programssecurity is built into every aspect of israeli society. all programs whether they be communal, educational or religious, have security concerns as an integral part of their being. the programs included in this category refer specifically to programs involved in security.
Contact & location
- Address
- 461 Central Ave, Cedarhurst, NY, 11516
- City
- Cedarhurst
- State
- New York
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $39.6M (FY2018) to $96.9M (FY2024) across 7 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $47.3M
Operating margin
8.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$47.3M
Total liabilities
$0
Net assets
$47.3M
Salaries & benefits
$120K
0% of expenses
Board members
7
6 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $96,947,478▼11.2% | $88,572,708▼7.9% | $47,279,306▲21.2% | $47,279,306▲21.2% | 990 |
| 2023 | $109,179,379▲47.0% | $96,119,535▲30.2% | $39,023,950▲49.3% | $39,023,950▲49.3% | 990 |
| 2022 | $74,247,260▲33.9% | $73,817,799▲33.8% | $26,145,976▲1.1% | $26,145,976▲1.1% | 990 |
| 2021 | $55,454,981▲13.3% | $55,173,972▲23.0% | $25,861,859▲1.1% | $25,861,859▲1.1% | 990 |
| 2020 | $48,947,790▲1.5% | $44,850,305▲5.7% | $25,580,850▲19.1% | $25,580,850▲19.1% | 990 |
| 2019 | $48,219,177▲21.8% | $42,439,185▲15.8% | $21,483,365▲36.8% | $21,483,365▲36.8% | 990 |
| 2018 | $39,602,245 | $36,651,475 | $15,703,373 | $15,703,373 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Jay Marcus — $120,000 (0.14% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jay Marcus | President | 40 | $120,000 |
| Dr Linda Kalish Marcus | Secretary | 25 | — |
| Jacob Weichholz | Director | 0.1 | — |
| Jeff Most | Treasurer | 1.5 | — |
| Michael Fischberger | Director | 0.1 | — |
| Mitchell Eichen | Director | 0.1 | — |
| Yehuda Marcus | Director | 5 | — |
Grants received · $173.5M total
269 grants to Central Fund of Israel totaling $173.5M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $2,983,445 |
| Donors Trust Inc | For general operations | 2024 | $805,500 |
| Daffy Charitable Fund | General support of mission | 2024 | $676,360 |
| American Endowment Foundation | International | 2024 | $674,770 |
| Community Foundation For Southeast Michigan | Religion-related | 2024 | $500,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $448,213 |
| Donors Trust Inc | For pro-israel advocacy | 2024 | $350,000 |
| Donors Trust Inc | To support yad ahava | 2024 | $350,000 |
| Bradley Impact Fund Inc | General operating support. | 2024 | $300,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $265,718 |
| Donors Trust Inc | To support justice for victims of terror | 2024 | $250,018 |
| Silicon Valley Community Foundation | Community development | 2024 | $250,000 |
| The 85 Fund | General support | 2024 | $250,000 |
| United Jewish Foundation | To support israeli charities | 2024 | $153,200 |
| National Christian Charitable Foundation | Giving and generosity | 2024 | $144,400 |
Grants made · $4.4M in FY2024
11 grants totaling $4.4M in FY2024. All grants made by Central Fund of Israel →
| Recipient | Purpose | Amount |
|---|---|---|
| Yad Ahava Foundation | Charitable | $2,450,000 |
| Flora and Morris Mizel Foundation I | Charitable | $1,113,700 |
| Zionist Organization of America | Charitable | $200,000 |
| Chabad Aventura | Charitable | $135,000 |
| American Friends of Justifi Inc | Charitable | $116,000 |
| Hatzala Emergency Air Unit | Charitable | $100,000 |
| American Friends of Sheba Medical Center Inc | Charitable | $91,000 |
| One Israel Fund Ltd | Charitable | $52,000 |
| Giving Back Fund | Charitable | $50,000 |
| American Friends of Elon Moreh | Charitable | $50,000 |
| Avodas Yisroel | Charitable | $6,500 |
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Frequently asked questions
- Is Central Fund of Israel a legitimate nonprofit?
- Yes. Central Fund of Israel is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-2992985, based in Cedarhurst, New York. Donations are tax-deductible.
- What is Central Fund of Israel's EIN?
- Central Fund of Israel's Employer Identification Number (EIN) is 13-2992985.
- How much revenue does Central Fund of Israel report?
- Central Fund of Israel reported $96,947,478 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Central Fund of Israel's spending goes to programs?
- Central Fund of Israel spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Central Fund of Israel have?
- CharityIndex grades Central Fund of Israel B+, based on program efficiency and fundraising cost.
- How much does Central Fund of Israel's highest-paid employee make?
- The highest reported compensation on Central Fund of Israel's latest Form 990 is $120,000, paid to Jay Marcus (President).
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Data for Central Fund of Israel (EIN 13-2992985) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.