Friends of Aderes Hatorah Inc

Analysis

Friends of Aderes Hatorah Inc is a registered charity in United States, based in Teaneck, NJ. It received its IRS tax-exemption ruling in September 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Friends of Aderes Hatorah Inc reported income of $4.1m and spending of $4.2m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $4.1m (+29%), an average of +6.5% a year. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Aderes Hatorah Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Cooperative Fund of the Northeast Inc ($4.1m), Community Foundation of Southern Indiana Inc ($4.1m) and Greater Mankato Area United Way Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 46% of the total. Other salaries and wages came to $500k. At year end it held assets of $1.7m against liabilities of $792k, net assets of $898k. It reported 27 employees.