Merkaz Hatorah Community Kollel Inc

Analysis

Merkaz Hatorah Community Kollel Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2007, 19 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, Merkaz Hatorah Community Kollel Inc reported income of $1.9m and spending of $2.4m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.1m to $1.9m (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Merkaz Hatorah Community Kollel Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Expeditions Unlimited Ltd ($1.9m), Damon Thompson Ministries ($1.9m) and Oasis World Ministries ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $115k (4.8% of expenses). Other salaries and wages came to $682k. At year end it held assets of $12.2m against liabilities of $7.5m, net assets of $4.7m. It reported 16 employees.