Kallol of New Jersey

Analysis

Kallol of New Jersey is a registered charity in United States, based in Hillsborough, NJ. It received its IRS tax-exemption ruling in May 1980, 46 years ago. 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 March 2024, Kallol of New Jersey reported income of $54k and spending of $44k, spending 82% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $84k to $54k (-36%), an average of -11% a year. The sharpest change came in the year to March 2022, when income rose by 216%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kallol of New Jersey sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 28th percentile within NJ. Charities of a similar size with the same main cause include Menomonee Falls Pre-School Corporation ($54k), American Musical Instrument Society Inc ($54k) and Wildland Residents Association ($54k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 11% and program service revenue 26% of the total. At year end it held assets of $706k against liabilities of $34k, net assets of $672k.