Kollel of Greater Boston Inc

Analysis

Kollel of Greater Boston Inc is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in June 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Kollel of Greater Boston Inc reported income of $1.5m and spending of $1.2m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $786k to $1.5m (+86%), an average of +17% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kollel of Greater Boston Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Kings Daughters Child Care Centers Inc ($1.5m), Park West Cooperative Nursery School ($1.5m) and Families Moving Forward ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 105% of the total. Compensation of current officers, directors and key employees was $144k (12% of expenses). Other salaries and wages came to $30k. At year end it held assets of $7.9m against liabilities of $4.0m, net assets of $3.9m. It reported 4 employees.