Kolel Damsek Eliezer Inc

Analysis

Kolel Damsek Eliezer Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1987, 39 years ago. Its declared purposes cover human services, 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, Kolel Damsek Eliezer Inc reported income of $528k and spending of $461k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $24k to $528k (+2122%), an average of +117% a year. The sharpest change came in the year to December 2022, when income rose by 121%. Over the whole period it spent 190% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kolel Damsek Eliezer Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include FLCCT Inc ($528k), Fostering Hope ($528k) and She Ready Foundation ($528k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% of the total. At year end it held assets of $4.5m against liabilities of $7.2m, net assets of -$2.6m.