Torah Center-Midwest Inc

Analysis

Torah Center-Midwest Inc is a registered charity in United States, based in Saint Louis, MO. It received its IRS tax-exemption ruling in August 1970, 56 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 July 2023, Torah Center-Midwest Inc reported income of $4.4m and spending of $4.2m, spending 94% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.7m to $4.4m (+61%), an average of +13% a year. The sharpest change came in the year to July 2021, when income rose by 144%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Torah Center-Midwest Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within MO. Charities of a similar size with the same main cause include New Horizons Center Inc for People with Special Needs ($4.4m), Lagrange Academy Incorporated ($4.4m) and St Marys Foundation Inc ($4.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $476k (11% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $9.8m against liabilities of $4.3m, net assets of $5.5m. It reported 35 employees.