Torah in Motion USA Inc

Analysis

Torah in Motion USA Inc is a registered charity in United States, based in Bergenfield, NJ. It received its IRS tax-exemption ruling in October 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Torah in Motion USA Inc reported income of $226k and spending of $135k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $140k to $226k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Torah in Motion USA Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 63rd percentile within NJ. Charities of a similar size with the same main cause include Peak Worship Inc ($226k), Jain Sangh of New England ($226k) and Cancao Nova Catholic Community Association of the Faithful Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 41% of the total. At year end it held assets of $329k against liabilities of $108k, net assets of $221k.