Friends of Kolel Bys Shlome Arye Inc

Analysis

Friends of Kolel Bys Shlome Arye Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2019, 7 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 (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, Friends of Kolel Bys Shlome Arye Inc reported income of $763k and spending of $924k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $570k to $763k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Kolel Bys Shlome Arye Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include National Christian Charitable Foundation Inc ($763k), Healing Justice Project ($764k) and Mid Lane Cares ($763k).

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 $9,521 against liabilities of $57k, net assets of -$47k.