Tikva Corp

Analysis

Tikva Corp is a registered charity in United States, based in West Caldwell, NJ. It received its IRS tax-exemption ruling in April 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Tikva Corp reported income of $22.5m and spending of $26.9m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.2m to $22.5m (+71%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 196%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tikva Corp 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 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include The Community Charter School of Paterson Inc ($22.5m), Research Collections and Preservation Consortium Inc ($22.5m) and East Tennessee State University Foundation ($22.5m).

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 $162k (0.6% of expenses). Other salaries and wages came to $621k. At year end it held assets of $3.2m against liabilities of $1.1m, net assets of $2.1m. It reported 4 employees.