Toras Chesed Inc

Analysis

Toras Chesed Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Toras Chesed Inc reported income of $3.8m and spending of $3.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $3.8m (+51%), an average of +11% a year. The sharpest change came in the year to December 2021, when income rose by 48%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Toras Chesed Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Buddhist Churches of America-Endow ($3.8m), Gospel Outreach ($3.8m) and Perception Funding Inc ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (2.1% of expenses). Other salaries and wages came to $37k. At year end it held assets of $1.0m against liabilities of $3,617, net assets of $999k. It reported 3 employees.