JGIVE-Friends of Asor Fund USA Inc

JGIVE-Friends of Asor Fund USA Inc is a U.S.-based nonprofit organization, designated as a 501(c)(3) entity, eligible for tax-deductible donations. It operates under the category of Philanthropy, Voluntarism, and Grantmaking Foundations as a public foundation, as classified by the National Taxonomy of Exempt Entities (NTEE) [1].

Purpose and Operations

The organization's mission is to advance important values and close societal gaps by encouraging donations to causes that resonate with donors [3]. It is associated with the Asor Fund, an Israeli entity, and together they facilitate philanthropic activities across borders [5].

Financial Overview

In recent years, the organization has seen significant contributions, with donations making up nearly the entirety of its revenue. For example, in its fiscal year ending December 2023, it received approximately $53,273,158 in contributions, which accounted for 99.4% of its total revenue. The remainder came from investment income [1]. The organization's assets have grown substantially, reaching $5,902,541 by the end of 2023 [1].

Governance and Leadership

As of the latest available data, key officers include Ori Ben Shlomo as President and Yosef Segal as Treasurer. Despite the lack of compensation reported for these roles, there are other financial transactions associated with the leadership [1].

Ratings and Transparency

JGIVE-Friends of Asor Fund USA Inc has earned a 2/4 Star rating from Charity Navigator [4]. The organization is required to file annual Form 990 returns with the IRS to maintain its tax-exempt status [1].