Friends of Shaarei Torah Inc

Analysis

Friends of Shaarei Torah Inc is a registered charity in United States, based in Lawrence, NY. It received its IRS tax-exemption ruling in February 2020, 6 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 Shaarei Torah Inc reported income of $213k and spending of $214k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20k to $213k (+989%), an average of +82% a year. The sharpest change came in the year to December 2020, when income rose by 616%. Over the whole period it spent 100% 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 Shaarei Torah Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Seminole Region Charity Golf Tournament Incorporated ($213k), Reader to Reader Inc ($213k) and Vision Himpossible ($213k).

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 $817 against liabilities of $0, net assets of $817.