Friends of Rabbinical Academy for Advanced Jewish Studies Kol Simcha

Analysis

Friends of Rabbinical Academy for Advanced Jewish Studies Kol Simcha is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Friends of Rabbinical Academy for Advanced Jewish Studies Kol Simcha reported income of $617k and spending of $361k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $328k to $617k (+88%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Rabbinical Academy for Advanced Jewish Studies Kol Simcha sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include American Academic Leadership Institute Inc PMB 5334 ($617k), Afa Schriever Chapter 147 Los Angeles ($617k) and M Street Center ($617k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $40k (11% of expenses). At year end it held assets of $1.1m against liabilities of $19k, net assets of $1.1m.