The Karmel Family Foundation Inc

Organization Overview

The Karmel Family Foundation Inc is located in Montebello, NY. The organization was established in 2018. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Karmel Family Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Karmel Family Foundation Inc generated $2.5m in total revenue. All expenses for the organization totaled $374.4k during the year ending 12/2021. While expenses have increased by 6.6% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

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Board, Officers & Key Employees

Name (title)Compensation
Jacob Karmel
President
$0
Malka Karmel
Director
$0
Shloime Silbiger
Treasurer
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,672,500
Interest on Savings $0
Dividends & Interest $10,527
Net Rental Income$0
Net Gain on Sale of Assets $849,357
Capital Gain Net Income $143
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $2,532,384

Peer Organizations

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