Midwest Torah Center Corporation
Midwest Torah Center Corporation consistently operates at a deficit, drawing down its substantial asset base.
EIN: 204465187 · South Bend, IN · NTEE: X30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $130K |
| Total Expenses | $194K |
| Program Spending | 70% |
| Net Assets | $1.2M |
| Transparency Score | 65/100 |
Is Midwest Torah Center Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Midwest Torah Center Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Midwest Torah Center Corporation
Midwest Torah Center Corporation (EIN: 204465187) is a nonprofit organization based in South Bend, IN, classified under NTEE code X30. The organization reported total revenue of $130K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midwest Torah Center Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midwest Torah Center Corporation is a small nonprofit that has been operating for 19 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -5.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $132K |
| Total Expenses | $194K |
| Surplus / Deficit | $-62,356 |
| Total Assets | $1.3M |
| Total Liabilities | $160K |
| Net Assets | $1.2M |
| Operating Margin | -47.4% |
| Debt-to-Asset Ratio | 12.2% |
| Months of Reserves | 81.2 months |
Financial Health Grade: B
In 2024, Midwest Torah Center Corporation reported a deficit of $62K with expenses exceeding revenue, holds 81.2 months of operating reserves (strong position), has a debt-to-asset ratio of 12.2% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Midwest Torah Center Corporation's revenue has declined at a compound annual growth rate (CAGR) of -5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +16.2% | +13.7% | -4.6% |
| 2023 | +258.1% | +67.1% | -3.5% |
| 2022 | -65.8% | -38.2% | -4.9% |
| 2021 | -19.0% | +0.3% | -4.6% |
| 2020 | -60.6% | -50.8% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Midwest Torah Center Corporation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Midwest Torah Center Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $62K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is a strong positive for transparency and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Midwest Torah Center Corporation's IRS 990 filings:
- Consistent operating deficits: Expenses frequently exceed revenue, as seen in 202407 ($193,975 expenses vs. $131,619 revenue).
- Declining asset base: Total assets have decreased from $2,033,843 in 2016 to $1,312,722 in 2024, indicating erosion of financial reserves.
- Reliance on past assets: The organization appears to be funding current operations by drawing down its accumulated wealth rather than through sustainable annual revenue.
- Significant revenue volatility: Revenue has fluctuated wildly, from $1,953,255 in 2016 to $31,621 in 2022, making financial planning challenging.
Strengths
The following positive indicators were identified for Midwest Torah Center Corporation:
- Excellent executive compensation transparency: Consistently reports 0% officer compensation across all filings.
- Substantial asset base: Despite declines, the organization still holds over $1.3 million in assets, providing a significant financial buffer.
- Long filing history: 14 filings indicate consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Midwest Torah Center Corporation
Is Midwest Torah Center Corporation a legitimate charity?
Midwest Torah Center Corporation (EIN: 204465187) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 65/100. It has 14 years of IRS 990 filings on record. Total revenue: $130K. 4 red flags identified. 3 strengths noted. Financial health grade: B.
How does Midwest Torah Center Corporation spend its money?
Midwest Torah Center Corporation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Midwest Torah Center Corporation tax-deductible?
Midwest Torah Center Corporation is registered as a tax-exempt nonprofit (EIN: 204465187). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Midwest Torah Center Corporation's spending goes to programs?
Midwest Torah Center Corporation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Midwest Torah Center Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), Midwest Torah Center Corporation is above average for NTEE category X30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Midwest Torah Center Corporation located?
Midwest Torah Center Corporation is headquartered in South Bend, Indiana and files with the IRS under EIN 204465187. It is classified under NTEE code X30.
How many years of IRS 990 filings does Midwest Torah Center Corporation have?
Midwest Torah Center Corporation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $130K in total revenue.
How does Midwest Torah Center Corporation cover its consistent operating deficits?
The organization appears to cover its operating deficits by drawing down its existing asset base, which has decreased from over $2 million in 2016 to $1.31 million in 2024.
What is the long-term sustainability outlook for the organization given its financial trends?
The long-term sustainability is questionable if the trend of consistent operating deficits and declining assets continues without a significant increase in revenue or reduction in expenses.
Does the organization pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation, indicating that officers do not receive salaries from the organization.
What caused the significant revenue spike in 2016 ($1,953,255) compared to other years?
The provided data does not specify the cause of the 2016 revenue spike; it could be due to a large one-time donation, a capital campaign, or other extraordinary income, but it was not sustained in subsequent years.
How does the organization's asset decline impact its financial stability?
The decline in assets from $2,033,843 in 2016 to $1,312,722 in 2024 reduces the organization's financial cushion and its ability to withstand future financial shocks or fund long-term initiatives.
Filing History
IRS 990 filing history for Midwest Torah Center Corporation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Midwest Torah Center Corporation's revenue has declined by 54.8%, moving from $291K to $132K. Total assets increased by 485.3% over the same period, from $224K to $1.3M. Total functional expenses fell by 36.9%, from $307K to $194K. In its most recent filing year (2024), Midwest Torah Center Corporation reported a deficit of $62K, with expenses exceeding revenue. The organization holds $160K in liabilities against $1.3M in assets (debt-to-asset ratio: 12.2%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $132K | $194K | $1.3M | $160K | — | — |
| 2023 | $113K | $171K | $1.4M | $160K | — | View 990 |
| 2022 | $32K | $102K | $1.4M | $153K | — | View 990 |
| 2021 | $93K | $165K | $1.5M | $157K | — | View 990 |
| 2020 | $114K | $165K | $1.6M | $157K | — | View 990 |
| 2019 | $290K | $334K | $1.6M | $155K | — | View 990 |
| 2018 | $133K | $336K | $1.7M | $163K | — | View 990 |
| 2017 | $225K | $363K | $1.9M | $210K | — | View 990 |
| 2016 | $2.0M | $353K | $2.0M | $185K | — | View 990 |
| 2015 | $479K | $295K | $426K | $177K | — | View 990 |
| 2014 | $280K | $315K | $248K | $188K | — | View 990 |
| 2013 | $429K | $380K | $260K | $170K | — | View 990 |
| 2012 | $301K | $302K | $217K | $177K | — | View 990 |
| 2011 | $291K | $307K | $224K | $183K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $132K, expenses of $194K, and assets of $1.3M (revenue +16.2% year-over-year).
- 2023: Revenue of $113K, expenses of $171K, and assets of $1.4M (revenue +258.1% year-over-year).
- 2022: Revenue of $32K, expenses of $102K, and assets of $1.4M (revenue -65.8% year-over-year).
- 2021: Revenue of $93K, expenses of $165K, and assets of $1.5M (revenue -19.0% year-over-year).
- 2020: Revenue of $114K, expenses of $165K, and assets of $1.6M (revenue -60.6% year-over-year).
- 2019: Revenue of $290K, expenses of $334K, and assets of $1.6M (revenue +118.6% year-over-year).
- 2018: Revenue of $133K, expenses of $336K, and assets of $1.7M (revenue -40.8% year-over-year).
- 2017: Revenue of $225K, expenses of $363K, and assets of $1.9M (revenue -88.5% year-over-year).
- 2016: Revenue of $2.0M, expenses of $353K, and assets of $2.0M (revenue +307.9% year-over-year).
- 2015: Revenue of $479K, expenses of $295K, and assets of $426K (revenue +70.9% year-over-year).
- 2014: Revenue of $280K, expenses of $315K, and assets of $248K (revenue -34.8% year-over-year).
- 2013: Revenue of $429K, expenses of $380K, and assets of $260K (revenue +42.5% year-over-year).
- 2012: Revenue of $301K, expenses of $302K, and assets of $217K (revenue +3.5% year-over-year).
- 2011: Revenue of $291K, expenses of $307K, and assets of $224K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midwest Torah Center Corporation:
Data Sources and Methodology
This transparency report for Midwest Torah Center Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.