Simchat Torah Beit Midrash

Analysis

Simchat Torah Beit Midrash is a registered charity in United States, based in Parker, CO. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Simchat Torah Beit Midrash reported income of $9.3m and spending of $8.4m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.2m to $9.3m (+78%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Simchat Torah Beit Midrash 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 96th percentile within CO. Charities of a similar size with the same main cause include Reaching Souls International Inc ($9.3m), Brahmananda Saraswati Yagya Foundation ($9.3m) and Simple Generosity Foundation ($9.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 8.3% of the total. Compensation of current officers, directors and key employees was $281k (3.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $10.3m against liabilities of $8.0m, net assets of $2.3m. It reported 57 employees.