Kollel of Memphis

Analysis

Kollel of Memphis is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in April 2020, 6 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 of Memphis reported income of $736k and spending of $585k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $276k to $736k (+167%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kollel of Memphis 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 76th percentile, and in the 77th percentile within TN. Charities of a similar size with the same main cause include Frontline Missions Inc ($736k), Faithful Give ($737k) and Triad Family Network Inc ($736k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $243k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 10 employees.