Yeshiva Heichal Hatorah Inc

Analysis

Yeshiva Heichal Hatorah Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in December 2008, 18 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 August 2023, Yeshiva Heichal Hatorah Inc reported income of $1.9m and spending of $1.9m, spending 97% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $3.9m to $1.9m (-51%), an average of -16% a year. The sharpest change came in the year to August 2021, when income dropped by 35%. Over the whole period it spent 64% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yeshiva Heichal Hatorah Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Central Piedmont Community College Services Corporation ($1.9m), North Carroll Community School ($1.9m) and Sundale Foundation for Students and Community Inc ($1.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 62% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $60k (3.2% of expenses). Other salaries and wages came to $146k. At year end it held assets of $11.9m against liabilities of $4.0m, net assets of $7.9m. It reported 5 employees.