American Friends of Tiferet Shlomo Boys Orphanage Inc

Analysis

American Friends of Tiferet Shlomo Boys Orphanage Inc is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, American Friends of Tiferet Shlomo Boys Orphanage Inc reported income of $167k and spending of $200k, spending 120% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $56k to $167k (+197%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 102% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, American Friends of Tiferet Shlomo Boys Orphanage 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 50th percentile, and in the 47th percentile within NY. Charities of a similar size with the same main cause include Qme Place Inc ($167k), The Kiwanis Club of Levittown- Bristol Foundation Inc ($167k) and Sierra Madre Community Foundation ($167k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $29k against liabilities of $0, net assets of $29k.

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.