FRIENDS OF THE ISRAEL CENTER FOR SOCIAL & ECONOMIC PROGRESS Charity Report

Public IRS 990 nonprofit record

FRIENDS OF THE ISRAEL CENTER FOR SOCIAL & ECONOMIC PROGRESS

EIN 13-3129249 · Community Improvement & Capacity Building (S20I)

What they do

EDUCATING THE ISRAELI PUBLIC AT LARGE IN MODERN DEMOCRATIC CAPITALIST ECONOMIC THOUGHT. INDEPENDENT LECTURERS PRESENT THE AUDIENCE AT SEMINARS HELD BY THE ORGANIZATION IN ISRAEL WITH MODERN ECONOMIC THEORIES SUCH AS THOSE of PROF. FREDERIC HAYEK, PROF. MILTON FRIEDMAN and OTHERS. ATTENDEES ARE THEN REQUESTED to EVALUATE THE INFORMATION and RETURN IT to THE ORGANIZATION for ANALYSIS PURPOSES. THE PURPOSE of THIS ORGANIZATION is EXPRESSLY EDUCATIONAL and IT HAS NO POLITICAL PURPOSE or AFFILIATION.

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $17.30 was reported for mission work and $59.80 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

178.61%of revenue went to mission work17.3% of expenses · Program services

618.89%of revenue went to fundraising59.8% of expenses

$1,034.72spent for every $100 of revenueSpending was higher than revenue this year.

237.22%of revenue went to management and office costs22.9% of expenses

$4.07in assets for every $1 spent this yearSome assets cannot be spent right away.

100.0%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $10,095 this year. Ask whether that was planned or caused by a one-time event.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$1,080

Mission workProgram services$1,929178.61% of revenue17.3% of expenses

ManagementOffice and general costs$2,562237.22% of revenue22.9% of expenses

FundraisingAsking for donations$6,684618.89% of revenue59.8% of expenses

Total expenses$11,1751,034.72% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Pause before giving. This filing reports that 59.8% of spending went to fundraising and 17.3% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 17.3% mission · 22.9% management · 59.8% fundraisingTotal expenses: 1,034.72% of revenue

2023Expense mix: 13.2% mission · 20.5% management · 66.3% fundraisingTotal expenses: 328.32% of revenue

2022Expense mix: 6.9% mission · 92.6% management · 0.5% fundraisingTotal expenses: 725.09% of revenue

2021Expense mix: 31.6% mission · 65.5% management · 2.9% fundraisingTotal expenses: 77.15% of revenue

2020Expense mix: 72.6% mission · 13.7% management · 13.7% fundraisingTotal expenses: 43.88% of revenue

2019Expense mix: 90.5% mission · 5.9% management · 3.6% fundraisingTotal expenses: 97.90% of revenue

2018Expense mix: 88.2% mission · 6.8% management · 5.0% fundraisingTotal expenses: 123.78% of revenue

2017Expense mix: 86.1% mission · 7.2% management · 6.7% fundraisingTotal expenses: 99.68% of revenue

Money in and money out

Revenue$1,080

Expenses$11,175

Annual shortfall $10,095 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$1,929 · 17.3% of expenses

Management and office costs$2,562 · 22.9% of expenses

Fundraising$6,684 · 59.8% of expenses

See all reported dollar amounts

Revenue$1,080

Expenses$11,175

Assets$45,452

Income$1,080

Contributions$1,080

Mission work (program services)$1,929

Fundraising$6,684

Management and general$2,562

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (6)

CHARLOTTE FRANKDIRECTOR

JAMES KAHNDIRECTOR

KENNETH ABRAMOWITZPRESIDENT

LAVI SIGMANTREASURY/SECRETARY

ROY MARDENDIRECTOR

SUSAN DORONDIRECTOR

About this charity

Recognized since: January 1984
Location: 4530 HAZLETON LN, WELLINGTON, FL 33449-8633
County: Palm Beach
In care of: % KENNETH ABRAMOWITZ
Primary officer: LAVI SIGMAN, TREASURER/SECRETARY

How to reach them

Phone(610) 940-5310

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: GIBGOT WILLENBACHER & CO
NTEE classification: Community Improvement & Capacity Building (S20I)
IRS tax category: Civic and Social Organizations