Kolel Zichron Avrohom Inc

Analysis

Kolel Zichron Avrohom Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in April 1998, 28 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, Kolel Zichron Avrohom Inc reported income of $140k and spending of $253k, spending 181% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $176k to $140k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2020, when income dropped by 23%. Over the whole period it spent 146% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kolel Zichron Avrohom Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include Open Heaven Ministries Inc ($140k), Federation of Vietnamese Women Religious in the US ($140k) and Meorot Hatorah Inc ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.1% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $18k (6.9% of expenses). At year end it held assets of $26k against liabilities of $338k, net assets of -$312k. It reported 1 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.