Foundation for the Preservation & Perpetuation of Torah Laws & Custo

Analysis

Foundation for the Preservation & Perpetuation of Torah Laws & Custo is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 1974, 52 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, Foundation for the Preservation & Perpetuation of Torah Laws & Custo reported income of $10.9m and spending of $10.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.2m to $10.9m (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 42%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Foundation for the Preservation & Perpetuation of Torah Laws & Custo sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include CBMC Inc ($10.9m), Conference Claimants Endowment BD California Ann Conf Methodist CH ($10.9m) and Brahmananda Saraswati Foundation ($10.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $29k (0.3% of expenses). Other salaries and wages came to $150k. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m. It reported 5 employees.