Talmud Torah Chochmas Shlomo

Analysis

Talmud Torah Chochmas Shlomo is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 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, Talmud Torah Chochmas Shlomo reported income of $723k and spending of $693k, spending 96% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $641k to $723k (+13%), an average of +2.5% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 98% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Talmud Torah Chochmas Shlomo 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 71st percentile within NY. Charities of a similar size with the same main cause include Pure Gift From God ($723k), Arctic Barnabas Ministries Inc ($723k) and Orthodox Ministry Services ($723k).

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 $33k against liabilities of $1,045, net assets of $32k.