Kolel Shomre Hachomos of Jerusalem Inc

Analysis

Kolel Shomre Hachomos of Jerusalem Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 1937, 89 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Shomre Hachomos of Jerusalem Inc reported income of $12.7m and spending of $13.0m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.5m to $12.7m (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Kolel Shomre Hachomos of Jerusalem Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Iris Global ($12.6m), Hope Advancement Inc ($12.7m) and American Friends of Israel Organizations Inc ($12.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 109% of the total. Other salaries and wages came to $416k. At year end it held assets of $11.9m against liabilities of $21k, net assets of $11.9m.