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OUR FINANCES
2023 was our first "normal” year since the pandemic and although giving was affected by a more challenging economic time and the war in Israel (which impacted giving in the last quarter of the year) overall, 2023 was a success.
We are proud to have an administration ratio of 11% and a fundraising ratio of 8%, for a combined total of 19% (the industry average is 35%).
Revenue in both 2021 and 2022 was uncharacteristically high due to large one-time Charitable Fund (Endowment Fund) gifts, as well as one large bequest that contributed to a significant increase of our net assets.
Since its inception in 2021, this marked the first year of significant earnings (~$550,000) from the investments in our Charitable and Reserve Funds.