Torah Tots Academy Inc

Analysis

Torah Tots Academy Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in April 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2024, Torah Tots Academy Inc reported income of $2.8m and spending of $2.8m, spending 100% of its income. Across the 5 years on record, from August 2020 to August 2024, income grew from $1.0m to $2.8m (+178%), an average of +29% a year. The sharpest change came in the year to August 2021, when income rose by 70%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Torah Tots Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within FL. Charities of a similar size with the same main cause include Mamas House Ministries ($2.8m), Agua Fria Food and Clothing Bank Inc ($2.8m) and Families Matter Inc ($2.8m).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 5.2% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $100k (3.6% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.4m against liabilities of $2,565, net assets of $1.4m. It reported 66 employees.