Avnei Kodesh Inc

Analysis

Avnei Kodesh Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Avnei Kodesh Inc reported income of $237k and spending of $248k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $199k to $237k (+19%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Avnei Kodesh Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Lutheran Charities ($237k), Rcobec Foundation Inc ($237k) and Cornerstone Ondemand Foundation ($237k).

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 $12k against liabilities of $0, net assets of $12k.