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CHANCE LETIKVA INC
Brooklyn, NY · EIN 852049371 · Form 990 · FY2024 · NTEE T30 · Philanthropy & Grantmaking · Medium ($1M-$10M)
revenue
$1.2M
expenses
$1.3M
net assets
$7K
employees
0
program ratio
80%
mission · from form 990

TO PROVIDE FINANCIAL ASSITANCE TO THE NEEDY AS WELL TO OTHER ORGANIZATIONS THAT ARE ACTIVE IN HELPING THOSE IN NEED

profile · synthesized from sources

CHANCE LETIKVA INC is a Brooklyn-based nonprofit with a mission to provide financial assistance to individuals in need and to support other organizations engaged in helping the needy. Classified under philanthropy and grantmaking, the organization operates as a grantmaking entity focused on redistributing resources to underserved populations and charitable partners in New York.

activities · 1 group

What they do

  • Interest-Free Loan and Grant Support 1 activity
    • Funding financial assistance for individuals and organizations serving the needy
      Provides grants to support financial assistance programs for individuals in need and for organizations that serve low-income populations.
financials · form 990 · fy2024
revenue
Total revenue$1.25M
Contributions & grants$1.25M100%
Program service revenue$00%
Investment income$00%
Other revenue$0
expenses
Total expenses$1.25M
Program expenses80%
Admin / overhead20%
Fundraising0%
Salaries & benefits$0
Grants paid out$996K
Largest expense lineProfessional Fees
balance sheet
Total assets$7K
Cash$7K
Investments$0
Liabilities$0
Net assets$7K
Liquid reserves0.1 mo
4 years on record · 2021–2024 · YoY revenue +108.3%
leadership · form 990 part vii · fy2024

Who runs it

board members · 1
  • Menachem Hertzl — PRESIDENT
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Dual-Channel Grantmaking Strategy
    methodology: direct_and_intermediated_aid
    By distributing funds directly to individuals in need and to organizations serving the needy, we amplify impact through both immediate relief and systemic support, because this dual approach addresses urgent needs while strengthening the broader service ecosystem.