Targum Publishing Co

Analysis

Targum Publishing Co is a registered charity in United States, based in New Brunswick, NJ. It received its IRS tax-exemption ruling in August 1980, 46 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 June 2023, Targum Publishing Co reported income of $431k and spending of $422k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $431k (-59%), an average of -20% a year. The sharpest change came in the year to June 2020, when income dropped by 56%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Targum Publishing Co sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within NJ. Charities of a similar size with the same main cause include Missouri Valley Eclipse ($431k), Fine Art Miracles Inc ($431k) and Dearborn Orchestral Society Inc ($431k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 4.9% of the total. Other salaries and wages came to $276k. At year end it held assets of $5.5m against liabilities of $11k, net assets of $5.5m. It reported 72 employees.