American Friends of Shay Olamot Inc

Analysis

American Friends of Shay Olamot 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 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, American Friends of Shay Olamot Inc reported income of $593k and spending of $516k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $383k to $593k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, American Friends of Shay Olamot Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within NJ. Charities of a similar size with the same main cause include Mt Gilead Community Development Corporation ($593k), Alpha Omega Broadcasting of Albuquerque Inc ($593k) and Friends of Bais Yisroel ($593k).

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 $78k against liabilities of $0, net assets of $78k.