Congregation Yeshivas Lomza

Analysis

Congregation Yeshivas Lomza is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2005, 21 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 December 2023, Congregation Yeshivas Lomza reported income of $158k and spending of $162k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $172k to $158k (-8.0%), an average of -2.1% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 125% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Congregation Yeshivas Lomza sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NY. Charities of a similar size with the same main cause include International College of Dentists Global Visionary Fund ($158k), Laurens County Chamber of Commerce Foundation Inc ($158k) and Terrebonne Foundation for Academic Excellence in Public Education ($158k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $19k. At year end it held assets of $404k against liabilities of $0, net assets of $404k.

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.