American Friends of Shaalei Torah Inc

Analysis

American Friends of Shaalei Torah Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, American Friends of Shaalei Torah Inc reported income of $135k and spending of $68k, leaving 50% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $28k to $135k (+384%), an average of +384% a year. The sharpest change came in the year to December 2023, when income rose by 384%. Over the whole period it spent 109% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, American Friends of Shaalei Torah Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Orange Park Womans Club Inc ($135k), Williamsburg Area Chamber of Commerce Foundation ($135k) and Ukrainian Genocide Famine Foundation USA Inc ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $93k against liabilities of $0, net assets of $93k.