Yeshiva Kol Torah Inc

Analysis

Yeshiva Kol Torah Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in January 2005, 21 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 August 2023, Yeshiva Kol Torah Inc reported income of $3.0m and spending of $2.9m, spending 99% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.6m to $3.0m (+83%), an average of +16% a year. The sharpest change came in the year to August 2021, when income rose by 123%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yeshiva Kol Torah Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Alternative Academic Achievement Academy ($3.0m), California Farmworker Foundation ($3.0m) and Excellent Schools New Mexico ($3.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 36% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $53k (1.8% of expenses). Other salaries and wages came to $933k. At year end it held assets of $12.8m against liabilities of $179k, net assets of $12.6m. It reported 55 employees.