M&s Kolel Grocery Inc

Analysis

M&s Kolel Grocery Inc is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in July 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, M&s Kolel Grocery Inc reported income of $1.4m and spending of $1.6m, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.4m (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2020, when income rose by 115%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, M&s Kolel Grocery Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Hope for All Inc ($1.4m), Boys & Girls Club of Greeneville Greene County ($1.4m) and Mercy Senior Care Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. Other salaries and wages came to $926k. At year end it held assets of $2.2m against liabilities of $717k, net assets of $1.5m. It reported 26 employees.

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.