Chochmat Shlomo USA Inc

Analysis

Chochmat Shlomo USA Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in September 2004, 22 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 December 2023, Chochmat Shlomo USA Inc reported income of $1.4m and spending of $1.3m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $501k to $1.4m (+173%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 625%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Chochmat Shlomo USA Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include General Council of the Assemblies of God ($1.4m), Public Utility Law Project of New York Inc ($1.4m) and Meals on Wheels of Mercer County Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $45k against liabilities of $0, net assets of $45k.