Midwest Torah Center Corporation

Analysis

Midwest Torah Center Corporation is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2024, Midwest Torah Center Corporation reported income of $132k and spending of $194k, spending 147% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income fell from $290k to $132k (-55%), an average of -15% a year. The sharpest change came in the year to July 2023, when income rose by 258%. Over the whole period it spent 146% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Midwest Torah Center Corporation 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 44th percentile, and in the 42nd percentile within IN. Charities of a similar size with the same main cause include God Changing Life Ministries Inc ($132k), Burning Hearts Inc ($132k) and Tragedy Into Triumph Conferences and Services Inc ($132k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 100% and program service revenue 1.5% of the total. Other salaries and wages came to $58k. At year end it held assets of $1.3m against liabilities of $160k, net assets of $1.2m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.