Heichal Hatorah

Analysis

Heichal Hatorah is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in December 2013, 13 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 July 2023, Heichal Hatorah reported income of $6.5m and spending of $6.5m, spending 101% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.9m to $6.5m (+66%), an average of +14% a year. The sharpest change came in the year to July 2020, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heichal Hatorah 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 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Park City Prep Charter School Inc ($6.5m), Tuso ($6.5m) and Mr & Mrs E H Sumners Foundation ($6.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 27% and program service revenue 72% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $10.4m against liabilities of $9.8m, net assets of $569k. It reported 73 employees.