Quick charity verification for Kolel Shomre Hachomos Of Jerusalem Inc (EIN: 135562271)
Verdict: Kolel Shomre Hachomos Of Jerusalem Inc appears trustworthy
85/100Mission Score
$12.6MRevenue
$6.1MAssets
2Red Flags
4Strengths
Red Flags
Significant increase in liabilities in 2023 ($21,484,000) leading to negative net assets.
Expenses ($13,015,125) exceeded revenue ($12,656,047) in 2023, resulting in a deficit for the year.
Strengths
Consistently high percentage of spending on program services (e.g., ~95% in 2023).
Consistent revenue growth over the past decade, from $7.6M in 2014 to $12.6M in 2023.
Zero reported officer compensation across all available filings, indicating efficient use of funds for mission.
Long history of consistent IRS 990 filings (13 filings), demonstrating transparency.
Spending Breakdown
How Kolel Shomre Hachomos Of Jerusalem Inc allocates its funds across programs, administration, and fundraising.
95%
Program Spending
Healthy — majority goes to mission
4%
Admin Costs
Reasonable — admin costs in check
1%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Kolel Shomre Hachomos Of Jerusalem Inc
Is Kolel Shomre Hachomos Of Jerusalem Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Kolel Shomre Hachomos Of Jerusalem Inc (EIN: 135562271) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Kolel Shomre Hachomos Of Jerusalem Inc a good charity to donate to?
Kolel Shomre Hachomos Of Jerusalem Inc has a Mission Score of 85/100. Revenue: $12.6M. Assets: $6.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Kolel Shomre Hachomos Of Jerusalem Inc?
The Employer Identification Number (EIN) for Kolel Shomre Hachomos Of Jerusalem Inc is 135562271. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Kolel Shomre Hachomos Of Jerusalem Inc spend its money?
Kolel Shomre Hachomos Of Jerusalem Inc allocates 95% to programs, 4% to administration, and 1% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Kolel Shomre Hachomos Of Jerusalem Inc's tax-exempt status?
You can verify Kolel Shomre Hachomos Of Jerusalem Inc's tax-exempt status using EIN 135562271 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Kolel Shomre Hachomos Of Jerusalem Inc demonstrates consistent revenue growth over the past decade, with revenue increasing from $7.6 million in 2014 to $12.6 million in 2023. The organization consistently spends a high proportion of its expenses on program services, indicating a strong commitment to its mission. For instance, in 2023, program service expenses were $12,364,369 out of total expenses of $13,015,125, representing approximately 95% of spending. This efficiency is a significant strength.
However, a notable concern arises from the 2023 financial period, where the organization reported liabilities of $21,484,000 against assets of $11,905,518, resulting in a negative net asset position. This substantial increase in liabilities from previous years, where liabilities were consistently low (e.g., $583,550 in 2022), warrants further investigation to understand its nature and potential impact on long-term financial stability. Despite this, the organization has consistently reported zero officer compensation, which is a positive indicator of resource allocation directly to its mission.
The organization's transparency is generally good, with consistent annual filings. The detailed breakdown of expenses in the 990 forms allows for a clear understanding of how funds are utilized. The absence of officer compensation further enhances its transparency profile, suggesting that resources are not being diverted to high executive salaries. The primary area for improved transparency would be a clear explanation for the significant increase in liabilities in the latest filing.