Norfolk Area Community Kollel
EIN: 542037581 · Norfolk, VA · NTEE: X01
| Metric | Value |
|---|---|
| Total Revenue | $840K |
| Total Expenses | $680K |
| Net Assets | $49K |
Is Norfolk Area Community Kollel Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Norfolk Area Community Kollel
Norfolk Area Community Kollel (EIN: 542037581) is a nonprofit organization based in Norfolk, VA, classified under NTEE code X01. The organization reported total revenue of $840K and total assets of $76K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Norfolk Area Community Kollel's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Norfolk Area Community Kollel is a small nonprofit that has been operating for 16 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 15.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $696K |
| Total Expenses | $680K |
| Surplus / Deficit | +$16K |
| Total Assets | $76K |
| Total Liabilities | $27K |
| Net Assets | $49K |
| Operating Margin | 2.3% |
| Debt-to-Asset Ratio | 35.3% |
| Months of Reserves | 1.3 months |
Financial Health Grade: A
In 2024, Norfolk Area Community Kollel reported a surplus of $16K with revenue exceeding expenses, holds 1.3 months of operating reserves (limited), has a debt-to-asset ratio of 35.3% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Norfolk Area Community Kollel's revenue has grown at a compound annual growth rate (CAGR) of 15.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -7.7% | -5.7% | +9.6% |
| 2023 | +65.6% | +58.3% | +14.6% |
| 2022 | -20.7% | +43.8% | -76.7% |
| 2021 | +33.3% | -26.5% | -1.2% |
| 2020 | -13.5% | -13.5% | -47.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Norfolk Area Community Kollel has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Norfolk Area Community Kollel with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $16K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.3%.
Frequently Asked Questions about Norfolk Area Community Kollel
Is Norfolk Area Community Kollel a legitimate charity?
Based on AI analysis of IRS 990 filings, Norfolk Area Community Kollel (EIN: 542037581) insufficient data. 0 red flags identified, 0 strengths noted.
How does Norfolk Area Community Kollel spend its money?
Detailed spending breakdown data is not yet available for Norfolk Area Community Kollel. Check back for updated IRS 990 analysis.
Are donations to Norfolk Area Community Kollel tax-deductible?
Norfolk Area Community Kollel is registered as a tax-exempt nonprofit (EIN: 542037581). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Norfolk Area Community Kollel located?
Norfolk Area Community Kollel is headquartered in Norfolk, Virginia and files with the IRS under EIN 542037581. It is classified under NTEE code X01.
How many years of IRS 990 filings does Norfolk Area Community Kollel have?
Norfolk Area Community Kollel has 14 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 $840K in total revenue.
Filing History
IRS 990 filing history for Norfolk Area Community Kollel showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Norfolk Area Community Kollel's revenue has grown by 568.3%, moving from $104K to $696K. Total assets increased by 521.1% over the same period, from $12K to $76K. Total functional expenses rose by 610.5%, from $96K to $680K. In its most recent filing year (2024), Norfolk Area Community Kollel reported a surplus of $16K, with revenue exceeding expenses. The organization holds $27K in liabilities against $76K in assets (debt-to-asset ratio: 35.3%), resulting in net assets of $49K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $696K | $680K | $76K | $27K | — | — |
| 2023 | $755K | $722K | $70K | $36K | — | View 990 |
| 2022 | $456K | $456K | $61K | $61K | — | View 990 |
| 2021 | $575K | $317K | $261K | $0 | — | — |
| 2020 | $431K | $431K | $264K | $264K | — | View 990 |
| 2019 | $498K | $498K | $498K | $498K | — | View 990 |
| 2018 | $478K | $478K | $497K | $497K | — | View 990 |
| 2017 | $446K | $446K | $464K | $464K | — | View 990 |
| 2016 | $292K | $292K | $321K | $321K | — | View 990 |
| 2015 | $169K | $144K | $26K | $0 | — | View 990 |
| 2014 | $98K | $109K | $756 | $0 | — | View 990 |
| 2013 | $95K | $97K | $12K | $0 | — | View 990 |
| 2012 | $96K | $95K | $14K | $0 | — | View 990 |
| 2011 | $104K | $96K | $12K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $696K, expenses of $680K, and assets of $76K (revenue -7.7% year-over-year).
- 2023: Revenue of $755K, expenses of $722K, and assets of $70K (revenue +65.6% year-over-year).
- 2022: Revenue of $456K, expenses of $456K, and assets of $61K (revenue -20.7% year-over-year).
- 2021: Revenue of $575K, expenses of $317K, and assets of $261K (revenue +33.3% year-over-year).
- 2020: Revenue of $431K, expenses of $431K, and assets of $264K (revenue -13.5% year-over-year).
- 2019: Revenue of $498K, expenses of $498K, and assets of $498K (revenue +4.2% year-over-year).
- 2018: Revenue of $478K, expenses of $478K, and assets of $497K (revenue +7.3% year-over-year).
- 2017: Revenue of $446K, expenses of $446K, and assets of $464K (revenue +52.7% year-over-year).
- 2016: Revenue of $292K, expenses of $292K, and assets of $321K (revenue +72.3% year-over-year).
- 2015: Revenue of $169K, expenses of $144K, and assets of $26K (revenue +73.4% year-over-year).
- 2014: Revenue of $98K, expenses of $109K, and assets of $756 (revenue +3.2% year-over-year).
- 2013: Revenue of $95K, expenses of $97K, and assets of $12K (revenue -1.8% year-over-year).
- 2012: Revenue of $96K, expenses of $95K, and assets of $14K (revenue -7.4% year-over-year).
- 2011: Revenue of $104K, expenses of $96K, and assets of $12K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Norfolk Area Community Kollel:
Data Sources and Methodology
This transparency report for Norfolk Area Community Kollel 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.