Shaarei Noam Inc

Analysis

Shaarei Noam Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 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, Shaarei Noam Inc reported income of $106k and spending of $105k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $106k (+175%), an average of +175% a year. The sharpest change came in the year to December 2023, when income rose by 175%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Shaarei Noam Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within NY. Charities of a similar size with the same main cause include Zumbrota Community Trust ($106k), Giving on Purpose ($106k) and 143 Collective ($106k).

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 $1,458 against liabilities of $0, net assets of $1,458.