Norfolk Area Community Kollel

Analysis

Norfolk Area Community Kollel is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in December 2010, 16 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 June 2024, Norfolk Area Community Kollel reported income of $696k and spending of $680k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $498k to $696k (+40%), an average of +6.9% a year. The sharpest change came in the year to June 2023, when income rose by 66%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Norfolk Area Community Kollel sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Philadelphia Charters for Excellence ($696k), Northstar Church of the Arts Inc ($697k) and Media Evangelism Association USA ($696k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $378k. At year end it held assets of $76k against liabilities of $27k, net assets of $49k. It reported 13 employees.