Lev Berel Inc

Analysis

Lev Berel Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in September 2013, 13 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, Lev Berel Inc reported income of $4.2m and spending of $3.3m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $4.2m (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lev Berel Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Goserve ($4.2m), Legacytree Foundation ($4.2m) and Khyentse Foundation ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $50k. At year end it held assets of $2.7m against liabilities of $950, net assets of $2.7m. It reported 2 employees.