Kolel Shmiel Bynumen Inc

Analysis

Kolel Shmiel Bynumen Inc is a registered charity in United States, based in Monroe, NY. It received its IRS tax-exemption ruling in September 2012, 14 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, Kolel Shmiel Bynumen Inc reported income of $293k and spending of $294k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $712k to $293k (-59%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. 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, Kolel Shmiel Bynumen Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within NY. Charities of a similar size with the same main cause include Louisville Community Foundation ($293k), Childrens Fund for Glycogen Storage Disease Research ($293k) and Eecu Community Foundation ($293k).

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 $203k against liabilities of $375k, net assets of -$172k.