American Friends of Kollel Ohr Yosef

Analysis

American Friends of Kollel Ohr Yosef is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in April 1998, 28 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 Kollel Ohr Yosef reported income of $69k and spending of $86k, spending 125% of what it took in. Across the 3 years on record, from December 2019 to December 2023, income fell from $137k to $69k (-50%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 142%. Over the whole period it spent 298% 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 Kollel Ohr Yosef sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 34th percentile within NJ. Charities of a similar size with the same main cause include George T Veal Memorial Fund ($69k), Charitable Foundation USA ($69k) and Chino Cowboy Huddle ($69k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 115% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.