Torah-Synagogue Foundation

Analysis

Torah-Synagogue Foundation is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 February 2024, Torah-Synagogue Foundation reported income of $233k and spending of $223k, spending 96% of its income. Across the 2 years on record, from February 2023 to February 2024, income grew from $136k to $233k (+71%), an average of +71% a year. The sharpest change came in the year to February 2024, when income rose by 71%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Torah-Synagogue Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Vip Bais Hachaim Inc ($233k), Deacons of Deadwood ($233k) and Georgia Club Foundation ($233k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $33k (15% of expenses). Other salaries and wages came to $181k. It paid $7,483 in professional fundraising fees. At year end it held assets of $0 against liabilities of $0, net assets of $0.