Bais Medrash Toras Chesed Inc

Analysis

Bais Medrash Toras Chesed Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in June 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 December 2023, Bais Medrash Toras Chesed Inc reported income of $2.9m and spending of $2.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.9m (+86%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bais Medrash Toras Chesed Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Southern Tier Library System ($2.9m), Midlands STEM Charter School ($2.9m) and Ofl Capistrano Inc ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $77k (2.7% of expenses). Other salaries and wages came to $488k. At year end it held assets of $3.1m against liabilities of $204k, net assets of $2.9m. It reported 25 employees.