Friends of the Toras Chochom Institute Inc

Analysis

Friends of the Toras Chochom Institute Inc is a registered charity in United States, based in Jackson, NJ. It received its IRS tax-exemption ruling in November 2019, 7 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 June 2023, Friends of the Toras Chochom Institute Inc reported income of $584k and spending of $658k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $619k to $584k (-5.6%), an average of -1.4% a year. The sharpest change came in the year to June 2021, when income rose by 91%. Over the whole period it spent 132% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of the Toras Chochom Institute 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 77th percentile within NJ. Charities of a similar size with the same main cause include Davids Tent USA Inc ($584k), Grace Evangelistic Ministries Inc ($584k) and God Cares Ministry ($584k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,652 against liabilities of $0, net assets of $5,652.