Torah Ore Seminary

Analysis

Torah Ore Seminary is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1980, 46 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).

In the financial year ending December 2023, Torah Ore Seminary reported income of $3.4m and spending of $2.8m, spending 84% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.4m (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Torah Ore Seminary sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Watts College of Nursing Inc ($3.4m), Challenger Basic School Inc ($3.4m) and Academy of Arts and Sciences ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $142k (5.0% of expenses). Other salaries and wages came to $384k. At year end it held assets of $2.1m against liabilities of $0, net assets of $2.1m. It reported 7 employees.