Yeshivat Keter Torah Inc

Analysis

Yeshivat Keter Torah Inc is a registered charity in United States, based in Eatontown, NJ. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Yeshivat Keter Torah Inc reported income of $5.6m and spending of $4.9m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $5.6m (+99%), an average of +19% a year. The sharpest change came in the year to June 2021, when income rose by 167%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yeshivat Keter Torah Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Tapestry School Inc ($5.6m), Tri-County Technical College Foundation Inc ($5.6m) and Fellowship of Christians in Universities and Schools Inc ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $290k (6.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $7.2m against liabilities of $3.4m, net assets of $3.9m. It reported 88 employees.