Ashreinu Inc

Analysis

Ashreinu Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Ashreinu Inc reported income of $503k and spending of $477k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $635k to $503k (-21%), an average of -5.6% a year. The sharpest change came in the year to December 2020, when income rose by 145%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ashreinu Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Shepherd Higher Education Consortium on Poverty Inc ($503k), Port Neches Riverfest ($503k) and Dignity Project ($503k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $52k (11% of expenses). At year end it held assets of $1.5m against liabilities of $1.5m, net assets of $7,211. It reported 2 employees.