Academic Torah Institute Inc

Analysis

Academic Torah Institute Inc is a registered charity in United States, based in Passaic, NJ. It received its IRS tax-exemption ruling in December 2013, 13 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, Academic Torah Institute Inc reported income of $403k and spending of $449k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $333k to $403k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 82% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Academic Torah Institute Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 72nd percentile within NJ. Charities of a similar size with the same main cause include Three Saints Inc ($402k), Ruwang Christian Community Church ($403k) and Grace Korean Church Inc ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $141k (31% of expenses). Other salaries and wages came to $103k. At year end it held assets of $874k against liabilities of $3,342, net assets of $870k. It reported 2 employees.