Friends of Keter Torah Inc

Analysis

Friends of Keter Torah Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2017, 9 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 2023, Friends of Keter Torah Inc reported income of $2.1m and spending of $2.1m, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $1.2m to $2.1m (+69%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Friends of Keter Torah Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 83rd percentile within NY. Charities of a similar size with the same main cause include Bountiful Basket Food Shelf of Eastern Carver County ($2.1m), Waymakers Foundation ($2.1m) and Safe Haven Baby Boxes Inc ($2.1m).

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 $65k against liabilities of $0, net assets of $65k.