Tomchei Shabbos Dlakewood Inc

Analysis

Tomchei Shabbos Dlakewood Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in February 2003, 23 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Tomchei Shabbos Dlakewood Inc reported income of $21.0m and spending of $20.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.3m to $21.0m (+126%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tomchei Shabbos Dlakewood Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Community Action Agency of South Central Michigan ($21.0m), Trinity Youth Services ($21.0m) and Norwood Crossing Association ($21.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $265k (1.3% of expenses). Other salaries and wages came to $387k. At year end it held assets of $9.9m against liabilities of $339k, net assets of $9.6m. It reported 13 employees.