Partners in Torah Inc

Analysis

Partners in Torah Inc is a registered charity in United States, based in Passaic, NJ. It received its IRS tax-exemption ruling in March 2002, 24 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, Partners in Torah Inc reported income of $1.9m and spending of $1.9m, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.2m to $1.9m (-10%), an average of -10% a year. Over the whole period it spent 88% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Partners in Torah Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within NJ. Charities of a similar size with the same main cause include Benevolence Temple ($1.9m), Sja Foundation ($1.9m) and Mount Sequoyah Center Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $464k (25% of expenses). Other salaries and wages came to $666k. At year end it held assets of $2.2m against liabilities of $61k, net assets of $2.1m. It reported 20 employees.