Yeshiva Tifereth Torah Inc

Analysis

Yeshiva Tifereth Torah Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in June 1989, 37 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 August 2023, Yeshiva Tifereth Torah Inc reported income of $4.9m and spending of $5.2m, spending 105% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.0m to $4.9m (+23%), an average of +5.2% a year. The sharpest change came in the year to August 2022, when income rose by 29%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yeshiva Tifereth 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 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Albuquerque Academy for Boys Trust 1 ($4.9m), The Episcopal School of Dallas Permanent Endowment Trust ($4.9m) and Arc of St Charles Inc ($4.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 22% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $70k (1.3% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $12.1m against liabilities of $5.6m, net assets of $6.5m. It reported 65 employees.