Hadar Hatorah Inc

Analysis

Hadar Hatorah Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 1973, 53 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Hadar Hatorah Inc reported income of $673k and spending of $777k, spending 115% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $576k to $673k (+17%), an average of +4.0% a year. The sharpest change came in the year to August 2021, when income rose by 41%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hadar Hatorah Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Texas Tech Alumni Association Endowment Trust ($673k), Canyonside Christian School Inc ($674k) and University of York in America Inc ($673k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (6.2% of expenses). Other salaries and wages came to $385k. At year end it held assets of $818k against liabilities of $3.5m, net assets of -$2.7m. It reported 17 employees.