Bais Medrash L Torah Inc

Analysis

Bais Medrash L Torah Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Bais Medrash L Torah Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $850k to $1.1m (+24%), an average of +5.6% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bais Medrash L Torah Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Bnei Baruch America Inc ($1.1m), Leadership Catalyst Inc ($1.1m) and Summit Leadership Foundation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. Compensation of current officers, directors and key employees was $30k (2.9% of expenses). Other salaries and wages came to $246k. At year end it held assets of $30k against liabilities of $240k, net assets of -$211k. It reported 9 employees.