Bet Midrash Ohel Torah

Analysis

Bet Midrash Ohel Torah is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in May 2016, 10 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, Bet Midrash Ohel Torah reported income of $3.0m and spending of $3.0m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $990k to $3.0m (+205%), an average of +32% a year. The sharpest change came in the year to August 2021, when income rose by 201%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bet Midrash Ohel Torah 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 Presbyterian College Real Estate Foundation ($3.0m), Forward Arkansas ($3.0m) and Greenhouse Gas Experts Network Inc ($3.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 85% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $139k (4.6% of expenses). Other salaries and wages came to $586k. At year end it held assets of $5.6m against liabilities of $3.0m, net assets of $2.6m. It reported 2 employees.