Vaad Hatmimim Haolami Inc

Analysis

Vaad Hatmimim Haolami Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 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 2022, Vaad Hatmimim Haolami Inc reported income of $1.1m and spending of $1.3m, spending 114% of what it took in. Across the 5 years on record, from December 2018 to December 2022, income grew from $728k to $1.1m (+53%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 83%. Over the whole period it spent 107% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Vaad Hatmimim Haolami Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Ywam Publishing a Ministry of Youth with a Mission ($1.1m), Sephardic Community Alliance ($1.1m) and Kingdom Business Partners ($1.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $24k (1.9% of expenses). Other salaries and wages came to $13k. At year end it held assets of $701k against liabilities of $1.2m, net assets of -$493k. It reported 4 employees.

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.