Wisdom in Torah Ministry Inc

Analysis

Wisdom in Torah Ministry Inc is a registered charity in United States, based in Auburndale, FL. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Wisdom in Torah Ministry Inc reported income of $547k and spending of $632k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $617k to $547k (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2022, when income rose by 71%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wisdom in Torah Ministry 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 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include All People Free ($547k), Endowment Foundation First United Presbyterian Church Albuquerque ($547k) and Keren Chaim Zanvil Inc ($547k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $121k (19% of expenses). Other salaries and wages came to $84k. At year end it held assets of $865k against liabilities of $36k, net assets of $828k. It reported 4 employees.