Kolel Ohel Lifsha Inc

Analysis

Kolel Ohel Lifsha Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Kolel Ohel Lifsha Inc reported income of $396k and spending of $407k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $222k to $396k (+79%), an average of +79% a year. The sharpest change came in the year to December 2023, when income rose by 79%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Kolel Ohel Lifsha Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Kee Cha-E-Nar Corporation ($396k), Reeces Rainbow Inc ($396k) and Po-Mar-Lin Fire Co ($396k).

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 $5,700 against liabilities of $0, net assets of $5,700.