Touro Synagogue Foundation

Analysis

Touro Synagogue Foundation is a registered charity in United States, based in Newport, RI. It received its IRS tax-exemption ruling in September 1955, 71 years ago. 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 May 2023, Touro Synagogue Foundation reported income of $200k and spending of $172k, spending 86% of its income. Across the 5 years on record, from May 2019 to May 2023, income fell from $308k to $200k (-35%), an average of -10% a year. The sharpest change came in the year to May 2021, when income rose by 42%. Over the whole period it spent 62% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Touro Synagogue Foundation sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 50th percentile within RI. Charities of a similar size with the same main cause include Youth for Christ USA Inc ($200k), Little League Baseball Inc ($200k) and Tualatin Hills Park Foundation ($200k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 77% and program service revenue 12% of the total. Other salaries and wages came to $85k. At year end it held assets of $1.2m against liabilities of $122, net assets of $1.2m. It reported 15 employees.