American Friends of Yeshivat Chochmat Shlomo

Analysis

American Friends of Yeshivat Chochmat Shlomo is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in September 2005, 21 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, American Friends of Yeshivat Chochmat Shlomo reported income of $914k and spending of $904k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $914k (-13%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income rose by 59%. Over the whole period it spent 111% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, American Friends of Yeshivat Chochmat Shlomo sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within NJ. Charities of a similar size with the same main cause include Caribbean Youth Network Inc ($913k), The Refinery Mission ($914k) and Passionlife Ministries ($913k).

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 $32k against liabilities of $500k, net assets of -$468k.