Hochmat Shlomo Foundation Inc

Analysis

Hochmat Shlomo Foundation Inc is a registered charity in United States, based in Long Branch, NJ. It received its IRS tax-exemption ruling in June 2014, 12 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, Hochmat Shlomo Foundation Inc reported income of $195k and spending of $193k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $101k to $195k (+92%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 197%. 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, Hochmat Shlomo Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include Oklahoma City Chin Baptist Church ($195k), LFJ Outreach Ministries Inc ($195k) and Tuong Van Buddhist Temple Inc ($195k).

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 $2,693 against liabilities of $0, net assets of $2,693.