Torah Academy of Bergen County

Analysis

Torah Academy of Bergen County is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in October 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 June 2023, Torah Academy of Bergen County reported income of $11.0m and spending of $10.8m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.5m to $11.0m (+4.9%), an average of +1.2% a year. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Torah Academy of Bergen County sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within NJ. Charities of a similar size with the same main cause include Progressive Healthcare Providers - Fern Park LLC ($11.0m), Kentucky Association of Sexual Assault Programs Inc ($11.0m) and East Central Illinois Area Agency on Aging Inc ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 19% and program service revenue 81% of the total. Other salaries and wages came to $5.5m. At year end it held assets of $12.6m against liabilities of $7.2m, net assets of $5.5m. It reported 109 employees.