Bonei Olam Inc

Analysis

Bonei Olam Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 1999, 27 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, Bonei Olam Inc reported income of $35.2m and spending of $36.6m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.1m to $35.2m (+169%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bonei Olam Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Exceptional Childrens Foundation a Corp ($35.2m), Community Solidarity Inc ($35.2m) and Ageoptions Inc ($35.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 106% of the total. At year end it held assets of $14.1m against liabilities of $1.6m, net assets of $12.5m. It reported 48 employees.