Congregation Veharev

Analysis

Congregation Veharev is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 2015, 11 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 April 2023, Congregation Veharev reported income of $623k and spending of $57k, leaving 91% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income fell from $2.0m to $623k (-68%), an average of -25% a year. The sharpest change came in the year to April 2023, when income dropped by 88%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Congregation Veharev sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include City of the Lord ($623k), Father & Son Connection Inc ($624k) and Stephen Tong Evangelistic Ministries Intl U S a Incorporated ($623k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $1.7m against liabilities of $507k, net assets of $1.2m.