Nonprofit · EIN 13-2992985
CENTRAL FUND OF ISRAEL
Tax-exempt · CEDARHURST, NY 11516
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| January 31, 2025 | 990 | $96,947,478 | $88,572,708 | $8,374,770 | $47,279,306 | $0 | $47,279,306 |
| January 31, 2024 | 990 | $109,179,379 | $96,119,535 | $13,059,844 | $39,023,950 | $0 | $39,023,950 |
| January 31, 2023 | 990 | $74,247,260 | $73,817,799 | $429,461 | $26,145,976 | $0 | $26,145,976 |
Financial details: 990 for the year ended January 31, 2025
Revenue
- Contributions, gifts and grants
- $95,231,904
- Program service revenue
- $0
- Investment income
- $1,715,574
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $88,344,611
- Compensation of officers, directors and key employees
- $120,000
- Salaries, compensation and benefits (total)
- $120,000
- Professional fundraising fees
- $0
- Accounting fees
- $14,500
- Travel
- $7,157
- Program services (functional)
- $88,344,611
- Management and general (functional)
- $228,097
Balance sheet and other
- Total assets, start of year
- $39,023,950
- Total assets, end of year
- $47,279,306
- Total liabilities, end of year
- $0
- Net assets, end of year
- $47,279,306
- Publicly traded securities
- $20,093,659
- Net assets without donor restrictions
- $47,279,306
- Gross receipts
- $97,819,397
- Employees
- 0
- Volunteers
- 8
- Year formed
- 1979
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended January 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jay Marcus | President Trustee or director, Officer | 40 | $120,000 |
| Jeff Most | Treasurer Trustee or director, Officer | 1.5 | $0 |
| Dr Linda Kalish Marcus | Secretary Trustee or director, Officer | 25 | $0 |
| Mitchell Eichen | Director Trustee or director | 0.1 | $0 |
| Michael Fischberger | Director Trustee or director | 0.1 | $0 |
| Yehuda Marcus | Director Trustee or director | 5 | $0 |
| Jacob Weichholz | Director Trustee or director | 0.1 | $0 |
990 for the year ended January 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jay Marcus | President Trustee or director, Officer | 40 | $150,000 |
| Jeff Most | Treasurer Trustee or director, Officer | 1.5 | $0 |
| Dr Linda Kalish Marcus | Secretary Trustee or director, Officer | 18 | $0 |
| Mitchell Eichen | Director Trustee or director | 0.1 | $0 |
| Michael Fischberger | Director Trustee or director | 0.1 | $0 |
| Yehuda Marcus | Director Trustee or director | 0.1 | $0 |
| Jacob Weichholz | Director Trustee or director | 0.1 | $0 |
990 for the year ended January 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jay Marcus | President Trustee or director, Officer | 40 | $115,000 |
| Jeff Most | Treasurer Trustee or director, Officer | 1.5 | $0 |
| Dr Linda Kalish Marcus | Secretary Trustee or director, Officer | 18 | $0 |
| Mitchell Eichen | Director Trustee or director | 0.1 | $0 |
| Michael Fischberger | Director Trustee or director | 0.1 | $0 |
| Yehuda Marcus | Director Trustee or director | 0.1 | $0 |
| Jacob Weichholz | Director Trustee or director | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 461 CENTRAL AVE, CEDARHURST, NY 11516-2008
- In care of
- % JAY MARCUS
- Principal officer (990 for 2024)
- Jay Marcus, 461 Central Ave, Cedarhurst, NY 11516
- Signed the 990
- Jay Marcus, President
- Phone
- (646) 289-8105
- Website
- www.centralfundofisrael.org
- Return prepared by
- SUPERIOR CONSULTING SERVICES
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 accomplishments
- 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.Expenses $52,562,414 · grants $52,562,414
- 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.Expenses $15,359,530 · grants $15,359,530
- 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.Expenses $12,640,519 · grants $12,640,519
- Security ProgramsSecurity is built into every aspect of Israeli society. All programs whether they be communal, educational or religious, have security concerns as an integral part of their being. The programs included in this category refer specifically to programs involved in security.Expenses $3,250,841 · grants $3,250,841
- Support of religious institutions:Provided grants that are primarily for the support, maintenance and construction of synagogues and other religous institutions and religious programs.Expenses $2,912,776 · grants $2,912,776
- Medical ServicesMedical services are a large part of community and humanitarian programs due to the war . Listed in this category would be only services who specifically deal with medical issues and maintenance and construction of medical facilitiesExpenses $1,618,531 · grants $1,618,531
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in January, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | January 31, 2026 | June 15, 2026 | Not on file |
| 2024 | January 31, 2025 | June 16, 2025 | 990 on file |
| 2023 | January 31, 2024 | June 17, 2024 | 990 on file |
IRS record
- EIN
- 13-2992985
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1979
- Accounting year ends
- January
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q123)
- Assets (IRS master file)
- $47,279,306
- Income (IRS master file)
- $97,819,397
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | January 2025 | $96,947,478 | $88,572,708 | $47,279,306 | XML |
| 990 | January 2024 | $109,179,379 | $96,119,535 | $39,023,950 | XML |
| 990 | January 2023 | $74,247,260 | $73,817,799 | $26,145,976 | XML |
| 990 | January 2022 | – | – | – | IRS |
| 990 | January 2021 | – | – | – | IRS |
| 990 | January 2020 | – | – | – | IRS |
| 990 | January 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-2992985).
Questions about CENTRAL FUND OF ISRAEL
- What is the EIN of CENTRAL FUND OF ISRAEL?
- The employer identification number (EIN) of CENTRAL FUND OF ISRAEL is 13-2992985.
- Is CENTRAL FUND OF ISRAEL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to CENTRAL FUND OF ISRAEL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CENTRAL FUND OF ISRAEL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CENTRAL FUND OF ISRAEL due?
- The return for tax year 2025 (the year ending January 31, 2026) is due June 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CENTRAL FUND OF ISRAEL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended January 2025.
- Who is the principal officer of CENTRAL FUND OF ISRAEL?
- The 990 for the year ended January 31, 2025 names Jay Marcus.
- Who are the officers and directors of CENTRAL FUND OF ISRAEL?
- The 990 for the year ended January 31, 2025 lists 7 people; 1 received compensation from the organization, the highest $120,000 (Jay Marcus, President).
- How much revenue does CENTRAL FUND OF ISRAEL have?
- On its 990 for the year ended January 31, 2025 it reported revenue of $96,947,478, expenses of $88,572,708 and total assets of $47,279,306 at year end.
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