Torah 24 Inc

Analysis

Torah 24 Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in May 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Torah 24 Inc reported income of $173k and spending of $196k, spending 114% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $202k to $173k (-14%), an average of -7.5% a year. 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, Torah 24 Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 48th percentile within NY. Charities of a similar size with the same main cause include Krishna Bhakti Seva Sangh ($173k), Iglesia Pentecostal Maranatha Inc ($173k) and Seder Family Foundation ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $18k against liabilities of -$119, net assets of $18k.