Reb Shimon Lakol Inc

Analysis

Reb Shimon Lakol Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Reb Shimon Lakol Inc reported income of $650k and spending of $675k, spending 104% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $260k to $650k (+150%), an average of +58% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Reb Shimon Lakol Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include American Friends of Georgia Inc ($649k), Family Outreach Ministries International Inc ($650k) and The American Friends of Bnot Torah Institute ($649k).

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 $9,371 against liabilities of $21k, net assets of -$12k.