American Friends of Kupat Hair Inc

Analysis

American Friends of Kupat Hair Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2006, 20 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, American Friends of Kupat Hair Inc reported income of $7.9m and spending of $7.7m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.4m to $7.9m (+6.9%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, American Friends of Kupat Hair Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Crossfire Ministries Inc ($7.9m), Open Doors International USA Inc ($7.9m) and Sophia Institute Press ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $105k. At year end it held assets of $1.4m against liabilities of $12k, net assets of $1.4m. It reported 7 employees.