Kollel Torah Inc

Analysis

Kollel Torah Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in May 2017, 9 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, Kollel Torah Inc reported income of $686k and spending of $757k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $686k (-68%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 42%. 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, Kollel Torah Inc 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 Priesthood Support Funds Inc ($686k), Youth with a Mission Yosemite ($686k) and 21 Wilberforce Global Freedom Center ($685k).

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 $51k against liabilities of $0, net assets of $51k.