Kollel Tiferes Shimon Inc

Analysis

Kollel Tiferes Shimon Inc is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in September 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 Tiferes Shimon Inc reported income of $89k and spending of $46k, leaving 49% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $89k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kollel Tiferes Shimon Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within NJ. Charities of a similar size with the same main cause include Grace Overflowing Ministries Inc ($89k), Triumphant Mercy Ministries Inc ($89k) and Hayate Abadi Ministries ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.