Chochmas Lev

Analysis

Chochmas Lev is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 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, Chochmas Lev reported income of $455k and spending of $450k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $388k to $455k (+17%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Chochmas Lev sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within NY. Charities of a similar size with the same main cause include Helping Hands Foundation ($454k), RSVP of Allen County Inc ($455k) and Inspiring Community ($454k).

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 $38k against liabilities of $0, net assets of $38k.