Talmudical Institute of Upstate New York

Analysis

Talmudical Institute of Upstate New York is a registered charity in United States, based in Rochester, NY. It received its IRS tax-exemption ruling in February 1979, 47 years ago. 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 June 2023, Talmudical Institute of Upstate New York reported income of $3.9m and spending of $5.2m, spending 133% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $3.9m (+113%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 41%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Talmudical Institute of Upstate New York sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include International Tax & Investment Center ($3.9m), The William Paterson University of New Jersey Foundation Inc ($3.9m) and Combat Marine Outdoors Inc ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $80k (1.5% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $3.2m against liabilities of $144k, net assets of $3.0m. It reported 79 employees.