Beis Hamedresh Tiferes Shmiel

Analysis

Beis Hamedresh Tiferes Shmiel is a registered charity in United States, based in Brooklyn, 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, Beis Hamedresh Tiferes Shmiel reported income of $87k and spending of $126k, spending 145% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $3.1m to $87k (-97%), an average of -70% a year. The sharpest change came in the year to December 2021, when income dropped by 97%. Over the whole period it spent 15% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Beis Hamedresh Tiferes Shmiel sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within NY. Charities of a similar size with the same main cause include John Houston Wear Jr Foundation ($87k), Auxiliary of the McCullough-Hyde Memorial Hospital ($87k) and Leonard and Lillian Bethke Memorial TR Fbo Opportunity Development Ctr ($87k).

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 $3.8m against liabilities of $846k, net assets of $2.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.