Torah Links of Lakewood Inc

Analysis

Torah Links of Lakewood Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in November 2021, 5 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, Torah Links of Lakewood Inc reported income of $2.8m and spending of $2.8m, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.5m to $2.8m (+88%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 111%. Over the whole period it spent 59% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Torah Links of Lakewood Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Living Proof Ministries ($2.8m), Unity Productions Foundation ($2.8m) and Evangelical Development Ministry ($2.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $344k (12% of expenses). Other salaries and wages came to $625k. At year end it held assets of $9.3m against liabilities of $6.1m, net assets of $3.3m. It reported 22 employees.