Toras Imecha Inc

Analysis

Toras Imecha Inc is a registered charity in United States, based in Lakewood, 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, Toras Imecha Inc reported income of $6.2m and spending of $4.9m, leaving 21% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.8m to $6.2m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 18%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Toras Imecha Inc sits at the 91st 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 Leadership Preparatory Inc ($6.2m), Scenicview Academy Inc ($6.2m) and Boston After School & Beyond Inc ($6.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $179k (3.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $9.8m against liabilities of $579k, net assets of $9.2m. It reported 148 employees.