American Friends of Kollel Shaarei Simcha Inc

Analysis

American Friends of Kollel Shaarei Simcha Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in April 1982, 44 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, American Friends of Kollel Shaarei Simcha Inc reported income of $2.7m and spending of $2.8m, spending 102% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $2.3m to $2.7m (+16%), an average of +3.7% a year. The sharpest change came in the year to April 2022, when income rose by 45%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, American Friends of Kollel Shaarei Simcha Inc 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 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include As Our Own NFP ($2.7m), Basmet Amal for Humanitarian Relief Inc ($2.7m) and Junior Achievement of the Eastern Shore ($2.7m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $563k against liabilities of $0, net assets of $563k.