Kolel Shomre Hachomos Of Jerusalem Inc
Kolel Shomre Hachomos Of Jerusalem Inc maintains high program spending efficiency but faces a substantial increase in liabilities in its latest filing.
EIN: 135562271 · Brooklyn, NY · NTEE: Q330 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $12.6M |
| Total Expenses | $13.0M |
| Program Spending | 95% |
| Net Assets | $11.9M |
| Transparency Score | 85/100 |
Is Kolel Shomre Hachomos Of Jerusalem Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Kolel Shomre Hachomos Of Jerusalem Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Kolel Shomre Hachomos Of Jerusalem Inc
Kolel Shomre Hachomos Of Jerusalem Inc (EIN: 135562271) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code Q330. The organization reported total revenue of $12.6M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kolel Shomre Hachomos Of Jerusalem Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Kolel Shomre Hachomos Of Jerusalem Inc is a large nonprofit that has been operating for 89 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.7M |
| Total Expenses | $13.0M |
| Surplus / Deficit | $-359,078 |
| Total Assets | $11.9M |
| Total Liabilities | $21K |
| Net Assets | $11.9M |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 11.0 months |
Financial Health Grade: B
In 2023, Kolel Shomre Hachomos Of Jerusalem Inc reported a deficit of $359K with expenses exceeding revenue, holds 11.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Kolel Shomre Hachomos Of Jerusalem Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.8% | +15.7% | +2.1% |
| 2022 | +20.7% | -2.5% | +38.5% |
| 2021 | +13.7% | +23.6% | +14.0% |
| 2020 | +12.3% | +9.1% | +24.3% |
| 2019 | +2.6% | -11.5% | +19.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1937 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Kolel Shomre Hachomos Of Jerusalem Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 4%
- programs: 95%
- fundraising: 1%
According to IRS 990 filings, Kolel Shomre Hachomos Of Jerusalem Inc allocates its expenses as follows: admin: 4%, programs: 95%, fundraising: 1%. With 95% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $359K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of this size and revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Kolel Shomre Hachomos Of Jerusalem Inc's IRS 990 filings:
- 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
The following positive indicators were identified for Kolel Shomre Hachomos Of Jerusalem Inc:
- 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.
Frequently Asked Questions about Kolel Shomre Hachomos Of Jerusalem Inc
Is Kolel Shomre Hachomos Of Jerusalem Inc a legitimate charity?
Kolel Shomre Hachomos Of Jerusalem Inc (EIN: 135562271) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.6M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Kolel Shomre Hachomos Of Jerusalem Inc spend its money?
Kolel Shomre Hachomos Of Jerusalem Inc directs 95% of its spending to programs and services. Fundraising costs 1%. This exceeds the 65% industry benchmark.
Are donations to Kolel Shomre Hachomos Of Jerusalem Inc tax-deductible?
Kolel Shomre Hachomos Of Jerusalem Inc is registered as a tax-exempt nonprofit (EIN: 135562271). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Kolel Shomre Hachomos Of Jerusalem Inc's spending goes to programs?
Kolel Shomre Hachomos Of Jerusalem Inc directs 95% to programs, 1% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Kolel Shomre Hachomos Of Jerusalem Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Kolel Shomre Hachomos Of Jerusalem Inc is above average for NTEE category Q330 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Kolel Shomre Hachomos Of Jerusalem Inc located?
Kolel Shomre Hachomos Of Jerusalem Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 135562271. It is classified under NTEE code Q330.
How many years of IRS 990 filings does Kolel Shomre Hachomos Of Jerusalem Inc have?
Kolel Shomre Hachomos Of Jerusalem Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $12.6M in total revenue.
What caused the significant increase in liabilities to $21,484,000 in 2023?
The IRS 990 data shows a dramatic jump in liabilities from $583,550 in 2022 to $21,484,000 in 2023. The specific nature of these liabilities (e.g., loans, payables) is not detailed in the summary data and would require reviewing the full 990 form's balance sheet and footnotes.
Is the organization's financial health sustainable given the 2023 liabilities?
While the organization has a history of strong revenue and program spending, the substantial liabilities in 2023, exceeding its assets, raise concerns about its short-term and long-term financial stability. Further analysis of the liability type and repayment schedule is crucial.
How does the organization manage without officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership roles may be filled by volunteers, or compensation is structured in a way that is not reported as officer compensation on the 990, which would warrant further investigation into the organization's operational model.
Filing History
IRS 990 filing history for Kolel Shomre Hachomos Of Jerusalem Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Kolel Shomre Hachomos Of Jerusalem Inc's revenue has grown by 81.7%, moving from $7.0M to $12.7M. Total assets increased by 189.3% over the same period, from $4.1M to $11.9M. Total functional expenses rose by 74%, from $7.5M to $13.0M. In its most recent filing year (2023), Kolel Shomre Hachomos Of Jerusalem Inc reported a deficit of $359K, with expenses exceeding revenue. The organization holds $21K in liabilities against $11.9M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $11.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.7M | $13.0M | $11.9M | $21K | — | — |
| 2022 | $14.7M | $11.2M | $11.7M | $584K | — | View 990 |
| 2021 | $12.2M | $11.5M | $8.4M | $502K | — | View 990 |
| 2020 | $10.7M | $9.3M | $7.4M | $93K | — | View 990 |
| 2019 | $9.5M | $8.6M | $5.9M | $13K | — | View 990 |
| 2018 | $9.3M | $9.7M | $5.0M | $6K | — | View 990 |
| 2017 | $9.5M | $8.9M | $5.4M | $6K | — | View 990 |
| 2016 | $8.8M | $8.5M | $4.8M | $13K | — | View 990 |
| 2015 | $8.0M | $7.8M | $4.5M | $43K | — | View 990 |
| 2014 | $7.6M | $7.1M | $4.4M | $93K | — | View 990 |
| 2013 | $7.8M | $7.9M | $3.8M | $151K | — | View 990 |
| 2012 | $7.1M | $7.1M | $4.1M | $258K | — | View 990 |
| 2011 | $7.0M | $7.5M | $4.1M | $281K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.7M, expenses of $13.0M, and assets of $11.9M (revenue -13.8% year-over-year).
- 2022: Revenue of $14.7M, expenses of $11.2M, and assets of $11.7M (revenue +20.7% year-over-year).
- 2021: Revenue of $12.2M, expenses of $11.5M, and assets of $8.4M (revenue +13.7% year-over-year).
- 2020: Revenue of $10.7M, expenses of $9.3M, and assets of $7.4M (revenue +12.3% year-over-year).
- 2019: Revenue of $9.5M, expenses of $8.6M, and assets of $5.9M (revenue +2.6% year-over-year).
- 2018: Revenue of $9.3M, expenses of $9.7M, and assets of $5.0M (revenue -2.1% year-over-year).
- 2017: Revenue of $9.5M, expenses of $8.9M, and assets of $5.4M (revenue +7.1% year-over-year).
- 2016: Revenue of $8.8M, expenses of $8.5M, and assets of $4.8M (revenue +10.2% year-over-year).
- 2015: Revenue of $8.0M, expenses of $7.8M, and assets of $4.5M (revenue +5.0% year-over-year).
- 2014: Revenue of $7.6M, expenses of $7.1M, and assets of $4.4M (revenue -1.7% year-over-year).
- 2013: Revenue of $7.8M, expenses of $7.9M, and assets of $3.8M (revenue +9.3% year-over-year).
- 2012: Revenue of $7.1M, expenses of $7.1M, and assets of $4.1M (revenue +2.2% year-over-year).
- 2011: Revenue of $7.0M, expenses of $7.5M, and assets of $4.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Kolel Shomre Hachomos Of Jerusalem Inc:
Data Sources and Methodology
This transparency report for Kolel Shomre Hachomos Of Jerusalem Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.