Partners in Torah of Cleveland Inc

Analysis

Partners in Torah of Cleveland Inc is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 of Cleveland Inc reported income of $303k and spending of $371k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $171k to $303k (+78%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Partners in Torah of Cleveland Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within OH. Charities of a similar size with the same main cause include Cal Fire Benevolent Foundation ($303k), The Outreach Connection Inc ($303k) and Society of St Vincent de Paul Roscommon Thrift Store ($303k).

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 $3,430 (0.9% of expenses). Other salaries and wages came to $157k. At year end it held assets of $219k against liabilities of $311k, net assets of -$92k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.