Torah Academy Of Bergen County
Torah Academy Of Bergen County: Stable Finances, Consistent Mission
EIN: 222890836 · Teaneck, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $12.6M |
| Total Expenses | $10.8M |
| Program Spending | 80% |
| Net Assets | $5.5M |
| Transparency Score | 85/100 |
Is Torah Academy Of Bergen County Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Torah Academy Of Bergen County directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Torah Academy Of Bergen County
Torah Academy Of Bergen County (EIN: 222890836) is a nonprofit organization based in Teaneck, NJ. The organization reported total revenue of $12.6M and total assets of $14.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Torah Academy Of Bergen County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Torah Academy Of Bergen County is a large nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.0M |
| Total Expenses | $10.8M |
| Surplus / Deficit | +$216K |
| Total Assets | $12.6M |
| Total Liabilities | $7.2M |
| Net Assets | $5.5M |
| Operating Margin | 2.0% |
| Debt-to-Asset Ratio | 56.8% |
| Months of Reserves | 14.1 months |
Financial Health Grade: A
In 2023, Torah Academy Of Bergen County reported a surplus of $216K with revenue exceeding expenses, holds 14.1 months of operating reserves (strong position), has a debt-to-asset ratio of 56.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Torah Academy Of Bergen County's revenue has grown at a compound annual growth rate (CAGR) of 6.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.4% | +6.7% | -1.7% |
| 2022 | -10.9% | +0.1% | +1.8% |
| 2021 | +14.5% | +7.3% | -1.0% |
| 2020 | -6.0% | -13.0% | +7.4% |
| 2019 | +3.7% | +3.4% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7200 |
| IRS Ruling Date | 1989 |
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 Torah Academy Of Bergen County with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Torah Academy Of Bergen County allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $216K, with revenue exceeding expenses.
- Debt-to-asset ratio: 56.8%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information from their 990 filings.
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.
Strengths
The following positive indicators were identified for Torah Academy Of Bergen County:
- Consistent revenue generation, averaging over $10 million annually.
- Stable asset base, consistently above $12 million.
- Low liability-to-asset ratio, indicating strong financial health.
Frequently Asked Questions about Torah Academy Of Bergen County
Is Torah Academy Of Bergen County a legitimate charity?
Torah Academy Of Bergen County (EIN: 222890836) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $12.6M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Torah Academy Of Bergen County spend its money?
Torah Academy Of Bergen County directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Torah Academy Of Bergen County tax-deductible?
Torah Academy Of Bergen County is registered as a tax-exempt nonprofit (EIN: 222890836). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Torah Academy Of Bergen County's spending goes to programs?
Torah Academy Of Bergen County directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Torah Academy Of Bergen County located?
Torah Academy Of Bergen County is headquartered in Teaneck, New Jersey and files with the IRS under EIN 222890836.
How many years of IRS 990 filings does Torah Academy Of Bergen County have?
Torah Academy Of Bergen County has 13 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 $12.6M in total revenue.
What does Torah Academy Of Bergen County do?
Torah Academy Of Bergen County is a nonprofit organization in the Unknown sector, located in Teaneck, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Torah Academy Of Bergen County have?
Torah Academy Of Bergen County reported total revenue of $12,639,172. Based on 13 IRS 990 filings on record.
What are Torah Academy Of Bergen County's total assets?
Torah Academy Of Bergen County holds total assets of $14,211,758 as reported in IRS 990 filings.
Where is Torah Academy Of Bergen County located?
Torah Academy Of Bergen County is based in Teaneck, New Jersey.
What is Torah Academy Of Bergen County's EIN?
Torah Academy Of Bergen County's Employer Identification Number (EIN) is 222890836. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Torah Academy Of Bergen County?
Torah Academy Of Bergen County is classified under NTEE code Unknown (Unknown).
Is Torah Academy Of Bergen County a registered 501(c)(3)?
Torah Academy Of Bergen County appears in IRS records (EIN: 222890836). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Torah Academy Of Bergen County file IRS Form 990?
Yes, Torah Academy Of Bergen County has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Torah Academy Of Bergen County's revenue in 2023?
In the 202306 filing period, Torah Academy Of Bergen County reported total revenue of $10,974,389, total expenses of $10,758,389, and net assets of $12,612,888.
Is Torah Academy Of Bergen County's revenue growing or declining?
Torah Academy Of Bergen County's revenue is growing. Revenue went from $10,028,393 (202206) to $10,974,389 (202306), a +9.4% change. Based on 13 filings on record.
What is Torah Academy Of Bergen County's most recent 990 filing?
The most recent IRS Form 990 filing for Torah Academy Of Bergen County covers tax period 202306. It shows revenue of $10,974,389, expenses of $10,758,389, total assets of $12,612,888, and liabilities of $7,161,848.
How much does Torah Academy Of Bergen County spend on programs vs administration?
Based on IRS 990 analysis, Torah Academy Of Bergen County allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Torah Academy Of Bergen County a trustworthy charity?
Based on AI analysis of IRS 990 data, Torah Academy Of Bergen County appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Torah Academy Of Bergen County's strengths?
Positive indicators for Torah Academy Of Bergen County include: Consistent revenue generation, averaging over $10 million annually.. Stable asset base, consistently above $12 million.. Low liability-to-asset ratio, indicating strong financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Torah Academy Of Bergen County compensate executives?
Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information from their 990 filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization maintained such a consistent asset base despite fluctuations in revenue and expenses over the years?
The organization appears to manage its expenditures effectively in relation to its revenue, and potentially benefits from stable long-term investments or endowments that contribute to its consistent asset base, even during periods of slight operational deficits.
Filing History
IRS 990 filing history for Torah Academy Of Bergen County showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Torah Academy Of Bergen County's revenue has grown by 116.2%, moving from $5.1M to $11.0M. Total assets increased by 168% over the same period, from $4.7M to $12.6M. Total functional expenses rose by 140.1%, from $4.5M to $10.8M. In its most recent filing year (2023), Torah Academy Of Bergen County reported a surplus of $216K, with revenue exceeding expenses. The organization holds $7.2M in liabilities against $12.6M in assets (debt-to-asset ratio: 56.8%), resulting in net assets of $5.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.0M | $10.8M | $12.6M | $7.2M | — | View 990 |
| 2022 | $10.0M | $10.1M | $12.8M | $7.6M | — | View 990 |
| 2021 | $11.3M | $10.1M | $12.6M | $7.3M | — | — |
| 2020 | $9.8M | $9.4M | $12.7M | $8.6M | — | View 990 |
| 2019 | $10.5M | $10.8M | $11.9M | $8.2M | — | View 990 |
| 2018 | $10.1M | $10.4M | $12.2M | $8.3M | — | View 990 |
| 2017 | $8.6M | $8.9M | $12.8M | $8.5M | — | View 990 |
| 2016 | $8.5M | $8.5M | $13.3M | $8.7M | — | View 990 |
| 2015 | $8.0M | $8.2M | $14.3M | $9.8M | — | View 990 |
| 2014 | $7.5M | $7.4M | $14.5M | $9.8M | — | View 990 |
| 2013 | $8.0M | $6.4M | $9.3M | $4.6M | — | View 990 |
| 2012 | $7.5M | $6.3M | $6.0M | $2.3M | — | View 990 |
| 2011 | $5.1M | $4.5M | $4.7M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.0M, expenses of $10.8M, and assets of $12.6M (revenue +9.4% year-over-year).
- 2022: Revenue of $10.0M, expenses of $10.1M, and assets of $12.8M (revenue -10.9% year-over-year).
- 2021: Revenue of $11.3M, expenses of $10.1M, and assets of $12.6M (revenue +14.5% year-over-year).
- 2020: Revenue of $9.8M, expenses of $9.4M, and assets of $12.7M (revenue -6.0% year-over-year).
- 2019: Revenue of $10.5M, expenses of $10.8M, and assets of $11.9M (revenue +3.7% year-over-year).
- 2018: Revenue of $10.1M, expenses of $10.4M, and assets of $12.2M (revenue +17.8% year-over-year).
- 2017: Revenue of $8.6M, expenses of $8.9M, and assets of $12.8M (revenue +0.2% year-over-year).
- 2016: Revenue of $8.5M, expenses of $8.5M, and assets of $13.3M (revenue +6.8% year-over-year).
- 2015: Revenue of $8.0M, expenses of $8.2M, and assets of $14.3M (revenue +6.4% year-over-year).
- 2014: Revenue of $7.5M, expenses of $7.4M, and assets of $14.5M (revenue -5.9% year-over-year).
- 2013: Revenue of $8.0M, expenses of $6.4M, and assets of $9.3M (revenue +5.8% year-over-year).
- 2012: Revenue of $7.5M, expenses of $6.3M, and assets of $6.0M (revenue +48.7% year-over-year).
- 2011: Revenue of $5.1M, expenses of $4.5M, and assets of $4.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Torah Academy Of Bergen County:
Data Sources and Methodology
This transparency report for Torah Academy Of Bergen County 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.