Talmud Torah Yesodei Hatorah Inc

Analysis

Talmud Torah Yesodei Hatorah Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in June 2022, 4 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 December 2023, Talmud Torah Yesodei Hatorah Inc reported income of $2.4m and spending of $2.8m, spending 119% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $214k to $2.4m (+1014%), an average of +62% a year. The sharpest change came in the year to December 2020, when income rose by 340%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Talmud Torah Yesodei Hatorah Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Catalina Island Museum ($2.4m), Hearts Foundation Inc ($2.4m) and Union Square Campus Inc ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $24k (0.8% of expenses). Other salaries and wages came to $850k. At year end it held assets of $697k against liabilities of $1.2m, net assets of -$458k. It reported 22 employees.