Korori Torah Foundation Inc

Analysis

Korori Torah Foundation Inc is a registered charity in United States, based in Roslyn HTS, NY. It received its IRS tax-exemption ruling in January 2022, 4 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, Korori Torah Foundation Inc reported income of $147k and spending of $119k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $41k to $147k (+259%), an average of +259% a year. The sharpest change came in the year to December 2023, when income rose by 259%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Korori Torah Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 45th percentile within NY. Charities of a similar size with the same main cause include Society of St Vincent de Paul SS Peter and Paul the Apostles Confer ($147k), Nadege ($147k) and BCS Foundation Inc ($147k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $41k against liabilities of $0, net assets of $41k.