Lakewood Torah School Inc

Analysis

Lakewood Torah School Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in October 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, Lakewood Torah School Inc reported income of $838k and spending of $842k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $700k to $838k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Lakewood Torah School Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include St Gabriel Radio Inc ($838k), Catholic Broadcasting Northwest Inc ($840k) and Christian Fellowship Community ($838k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.2m against liabilities of $5.3m, net assets of -$28k.