Central Fund of Israel

EIN: 132992985 501(c)(3) International Affairs

Cedarhurst, NY

Total Revenue
$96,947,478
Total Expenses
$88,572,708
Total Assets
$47,279,306
Net Assets
$47,279,306
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
NY
Principal Officer
Jay Marcus
Phone
6462898105
Tax Period
2024-02-01 to 2025-01-31

Central Fund of Israel, founded in 1979, is a mid-sized nonprofit in the International Affairs sector that reported $96.9M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $88.6M left a modest 9% surplus.

Mission

Established in 1979 as a volunteer charity with the motto what you give is what you get, CFI was designed by its founders, Arthur and Hadassah Marcus, to enable one hundred percent of donations to reach charities in Israel. Over the years, CFI has received the Jerusalem Prize for volunteerism, accolades from the Chief Rabbinate, an award from PM Menachem Begin and accolades from hundreds of charities in Israel. We do not solicit or advertise. By word of mouth alone we have grown into a significant charitable force in Israel. Aiding over 400 charities and institutions each year we help the nation of Israel to thrive.

Program Service Accomplishments

Program 1
Expenses: $52,562,414

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...

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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 the state and its people are heard in classrooms, university campuses, newspapers, parliments all over the world and i'm sorry to say even in the halls of congress of our majestic country. The enemies of the Jewish nation constantly search for new ways to harm us. There are many who have not given up on their dream to destroy us physically. The venom heard throughout is reminiscent of the 1930's and its disastrous consequences to humanity. CFI continues supporting those charities which are combating Anti-Semitism, the BDS movement and threats of annihilation of the Jewish people.Our community projects are meant to increase public awareness to the realities of Anti-Semitism and combat it wherever it is found; whether through use of the legal system or social media. We need to educate the world of the evil affects of Anti-Semitism. Not even 100 years removed from the Holocaust, we see history repeating itself. Our grants also go to assist in the construcion and maintenance of community facilities throughout Israel.

Program 2
Expenses: $15,359,530

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...

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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.

Program 3
Expenses: $12,640,519

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $95,231,904
Program Service Revenue $0
Investment Income $1,715,574
Other Revenue $0
TOTAL REVENUE $96,947,478

Expense Breakdown

Grants Paid $88,344,611
Salaries & Benefits $120,000
Fundraising Expenses $0
Program Expenses $88,344,611
Other Expenses $108,097
TOTAL EXPENSES $88,572,708

Year-over-Year Comparison

2024 2023 Change
Revenue $96,947,478 $109,179,379 -0.1%
Expenses $88,572,708 $96,119,535 -0.1%
Net Income $8,374,770 $13,059,844 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$120,000
Total Directors
7
$120,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jay Marcus President 40.00
Officer Director
$120,000 $0 $120,000
Jeff Most Treasurer 1.50
Officer Director
$0 $0 $0
Dr Linda Kalish Marcus Secretary 25.00
Officer Director
$0 $0 $0
Mitchell Eichen Director 0.10
Director
$0 $0 $0
Michael Fischberger Director 0.10
Director
$0 $0 $0
Yehuda Marcus Director 5.00
Director
$0 $0 $0
Jacob Weichholz Director 0.10
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $96,947,478 $88,572,708 $47,279,306 $8,374,770
2024 $109,179,379 $96,119,535 $39,023,950 $13,059,844
2023 $74,247,260 $73,817,799 $26,145,976 $429,461
2022 $55,454,981 $55,173,972 $25,861,859 $281,009
2021 $48,947,790 $44,850,305 $25,580,850 $4,097,485
2020 $48,219,177 $42,439,185 $21,483,365 $5,779,992
2019 $39,602,245 $36,651,475 $15,703,373 $2,950,770
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