Tomchei Israel

Analysis

Tomchei Israel is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Tomchei Israel reported income of $2.8m and spending of $2.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $2.8m (+124%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 79%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tomchei Israel sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 85th percentile within NY. Charities of a similar size with the same main cause include The Evangelical Catholic Inc ($2.8m), Institute of Asian Culture & Development ($2.8m) and Love Serve Remember Foundation ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.0m against liabilities of $0, net assets of $2.0m.