Is Toras Chaim Inc Legit?

Strengths

Consistent 0% officer compensation across all filings, indicating high program focus.
Consistent revenue growth over the past decade, from $124,545 in 2014 to $289,858 in 2023.
Efficient expense management, with expenses often below revenue, leading to surpluses (e.g., $289,858 revenue vs. $250,921 expenses in 2023).
Low liabilities relative to assets in recent years (e.g., $4,480 liabilities vs. $37,531 assets in 2023).

Spending Breakdown

How Toras Chaim Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Toras Chaim Inc

Is Toras Chaim Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Toras Chaim Inc (EIN: 113401024) appears trustworthy. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.

Is Toras Chaim Inc a good charity to donate to?

Toras Chaim Inc has a Mission Score of 92/100. Revenue: $400K. Assets: $59K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Toras Chaim Inc?

The Employer Identification Number (EIN) for Toras Chaim Inc is 113401024. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Toras Chaim Inc spend its money?

Toras Chaim Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Toras Chaim Inc's tax-exempt status?

You can verify Toras Chaim Inc's tax-exempt status using EIN 113401024 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Toras Chaim Inc. demonstrates a generally stable financial position with consistent revenue growth over the past several years, reaching $289,858 in 2023. The organization consistently spends a high proportion of its expenses on program services, as indicated by the zero officer compensation reported across all available filings, suggesting that most funds are directed towards its mission rather than administrative overhead or executive salaries. However, the organization's asset base remains relatively modest compared to its annual revenue, with $37,531 in assets against $289,858 in revenue in 2023, which could limit its long-term financial resilience or capacity for significant expansion.

The organization's spending efficiency appears strong, with expenses closely tracking revenue, indicating a lean operational model. For example, in 2023, expenses were $250,921 against revenues of $289,858, resulting in a surplus. The consistent reporting of zero officer compensation across all filings is a significant positive indicator of transparency and a commitment to directing funds to programs. While specific breakdowns of program, administrative, and fundraising expenses are not explicitly detailed in the provided summary, the absence of officer compensation strongly implies a high program spending ratio.

Overall, Toras Chaim Inc. appears to be a financially sound and efficient organization, particularly in its allocation of resources away from executive salaries. Its consistent revenue growth and lean operations suggest a well-managed entity. However, a more robust asset base could provide greater financial security and capacity for future growth or unexpected challenges.

Verdict: Toras Chaim Inc appears trustworthy

Red Flags