Tiferet Torah Inc

Analysis

Tiferet Torah Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Tiferet Torah Inc reported income of $93k and spending of $103k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $116k to $93k (-19%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Tiferet Torah Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 43rd percentile within NJ. Charities of a similar size with the same main cause include Islamic Association of Central Florida ($93k), Church Equippers Ministries Inc ($93k) and Friendship Table ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $156, net assets of -$155.