Tov Latet Inc

Analysis

Tov Latet Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Tov Latet Inc reported income of $503k and spending of $257k, leaving 49% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $962k to $503k (-48%), an average of -20% a year. The sharpest change came in the year to December 2021, when income rose by 420%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tov Latet Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Summersun Montessori ($503k), Columbus Works Inc ($503k) and Lil Troopers Learning Center ($503k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $382k against liabilities of $0, net assets of $382k.