FRIENDS OF KITOV INC

EIN: 811654342 501(c)(3) Religion

BROOKLYN, NY

Total Revenue
$322,478
Total Expenses
$496,813
Total Assets
$79,737
Net Assets
$79,737
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
FL
Principal Officer
CHANNA KITOV
Phone
8454677742
Tax Period
2023-01-01 to 2023-12-31

FRIENDS OF KITOV INC, founded in 2019, is a small nonprofit in the Religion sector that reported $322K in total revenue in fiscal year 2023. Expenses of $497K exceeded revenue, resulting in a 54% operating deficit.

Mission

THE ENTITY'S MISSION IS TO SUPPORT AN EDUCATIONAL INSTITUTION, KITOV SEMINARY, THAT PROVIDES A JEWISH EDUCATION TO ITS STUDENTS AND ALSO PROVIDES SCHOLARSHIPS TO STUDENTS THAT REQUIRE FINANCIAL ASSISTANCE WITH TUITION, ROOM AND BOARD.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $322,478
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $322,478

Expense Breakdown

Grants Paid $496,688
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $496,688
Other Expenses $125
TOTAL EXPENSES $496,813

Year-over-Year Comparison

2023 2022 Change
Revenue $322,478 $324,048 0.0%
Expenses $496,813 $133,399 +2.7%
Net Income $-174,335 $190,649 -1.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHANNA KITOV DIRECTOR 5.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $322,478 $496,813 $79,737 $-174,335
2022 $324,048 $133,399 $254,072 $190,649
2021 $34,269 $70,469 $63,423 $-36,200
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare FRIENDS OF KITOV INC with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.