Zichron Shlomo

Analysis

Zichron Shlomo is a registered charity in United States, based in Passaic, NJ. It received its IRS tax-exemption ruling in September 2016, 10 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, Zichron Shlomo reported income of $225k and spending of $229k, spending 102% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $260k to $225k (-14%), an average of -4.7% a year. The sharpest change came in the year to December 2021, when income dropped by 32%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Zichron Shlomo sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 63rd percentile within NJ. Charities of a similar size with the same main cause include Network of Iowa Christian Home Educators ($225k), Christianity Explored USA ($225k) and Gurudwara Guru Kalgidhar Sahib ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $14k (6.3% of expenses). At year end it held assets of $4,528 against liabilities of $0, net assets of $4,528.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.