Kolel Torah Inc

Analysis

Kolel Torah Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2018, 8 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, Kolel Torah Inc reported income of $6.2m and spending of $6.4m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $10.0m to $6.2m (-38%), an average of -11% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. 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, Kolel Torah Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Seattle Hebrew Academy ($6.2m), US Southwestern Falun Dafa Association ($6.2m) and Hutchcraft Ministries Inc ($6.2m).

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 $99k against liabilities of $665, net assets of $98k.