Kol Hanearim of Monsey Inc

Analysis

Kol Hanearim of Monsey Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Kol Hanearim of Monsey Inc reported income of $747k and spending of $652k, spending 87% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $335k to $747k (+123%), an average of +31% a year. The sharpest change came in the year to August 2022, when income rose by 131%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Kol Hanearim of Monsey Inc sits at the 73rd percentile: it is larger than about 72% 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 College of Charleston Alumni Association Inc ($747k), Spokane Waldorf Education Association ($747k) and Cutting Edge Curriculum Inc ($747k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $45k (6.9% of expenses). Other salaries and wages came to $429k. At year end it held assets of $238k against liabilities of $29k, net assets of $209k. It reported 30 employees.