Kollel Masmidim Inc

Analysis

Kollel Masmidim Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Kollel Masmidim Inc reported income of $196k and spending of $195k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $154k to $196k (+27%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 122% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Kollel Masmidim Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 60th percentile within NJ. Charities of a similar size with the same main cause include Hallal Worship Inc ($196k), Vision of Hope Ministries Inc ($196k) and Kamlim Mission Center ($196k).

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 $5,775 against liabilities of $78k, net assets of -$72k.