New England Academy of Torah Inc

Analysis

New England Academy of Torah Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in March 1969, 57 years ago. 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 2024, New England Academy of Torah Inc reported income of $216k and spending of $166k, leaving 24% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $114k to $216k (+91%), an average of +18% a year. The sharpest change came in the year to June 2021, when income rose by 35%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Academy of Torah Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within RI. Charities of a similar size with the same main cause include Black Student Fund ($216k), Upper Burrell TWP Volunteer Fire Co ($216k) and Marceline Area Nutrition Program Inc ($216k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 25% of the total. At year end it held assets of $4.4m against liabilities of $494k, net assets of $3.9m.