Torah Ore Seminary
Torah Ore Seminary shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 116039909 · Brooklyn, NY · NTEE: B58Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $2.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $2.1M |
| Transparency Score | 85/100 |
Is Torah Ore Seminary Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Torah Ore Seminary directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Torah Ore Seminary
Torah Ore Seminary (EIN: 116039909) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code B58Z. The organization reported total revenue of $4.4M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Torah Ore Seminary's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Torah Ore Seminary is a mid-size nonprofit that has been operating for 46 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$537K |
| Total Assets | $2.1M |
| Net Assets | $2.1M |
| Operating Margin | 16.0% |
| Months of Reserves | 8.8 months |
Financial Health Grade: A
In 2023, Torah Ore Seminary reported a surplus of $537K with revenue exceeding expenses, holds 8.8 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2010–2023), Torah Ore Seminary's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.6% | -4.6% | +34.7% |
| 2022 | +37.0% | +26.4% | +67.2% |
| 2021 | +10.1% | +16.6% | +22.3% |
| 2020 | -9.3% | -15.3% | +49.7% |
| 2019 | -14.2% | -14.9% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Ore Seminary 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: 90%
- fundraising: 0%
According to IRS 990 filings, Torah Ore Seminary allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $537K, with revenue exceeding expenses.
Executive Compensation Analysis
Torah Ore Seminary consistently reports 0% officer compensation across all 14 filings, indicating that no compensation is paid to officers or that it is not reported as such, which is highly unusual for an organization of its size with over $3 million in annual revenue.
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 Torah Ore Seminary's IRS 990 filings:
- No officer compensation reported across all filings, which is unusual for an organization of this size and could indicate non-disclosure or alternative compensation structures not captured as 'officer compensation'.
Strengths
The following positive indicators were identified for Torah Ore Seminary:
- Consistent revenue growth, increasing from $2,377,681 in 2014 to $3,355,285 in 2023.
- Strong asset accumulation, growing from $751,302 in 2020 to $2,070,083 in 2023.
- Elimination of liabilities, reporting $0 in liabilities since 2022, indicating excellent financial management.
- Expenses consistently below revenue in recent years, leading to positive net income and financial stability.
Frequently Asked Questions about Torah Ore Seminary
Is Torah Ore Seminary a legitimate charity?
Torah Ore Seminary (EIN: 116039909) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $4.4M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Torah Ore Seminary spend its money?
Torah Ore Seminary directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Torah Ore Seminary tax-deductible?
Torah Ore Seminary is registered as a tax-exempt nonprofit (EIN: 116039909). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Torah Ore Seminary CEO make?
Torah Ore Seminary's highest-compensated officer earns $3 annually. The organization reported $4.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Torah Ore Seminary compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Torah Ore Seminary is above average for NTEE category B58Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Torah Ore Seminary located?
Torah Ore Seminary is headquartered in Brooklyn, New York and files with the IRS under EIN 116039909. It is classified under NTEE code B58Z.
How many years of IRS 990 filings does Torah Ore Seminary have?
Torah Ore Seminary 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 $4.4M in total revenue.
Is Torah Ore Seminary a good charity?
Based on the financial data, Torah Ore Seminary appears to be a financially healthy organization with consistent revenue growth, increasing assets, and no reported liabilities in recent years. The absence of reported officer compensation is a notable positive for program focus. However, without a detailed breakdown of program vs. administrative expenses, a full assessment of 'goodness' is limited.
How has Torah Ore Seminary's financial health changed over time?
Torah Ore Seminary has significantly improved its financial health. In 2014, it had liabilities of $1,161,530, exceeding its assets of $1,025,993. By 2023, it reported $0 in liabilities and assets of $2,070,083, demonstrating a strong turnaround and sustained growth.
What is the trend in Torah Ore Seminary's revenue and expenses?
Revenue has shown a general upward trend, from $2,377,681 in 2014 to $3,355,285 in 2023. Expenses have also increased but have consistently remained below revenue since 2018, allowing for positive net income and asset growth.
Does Torah Ore Seminary spend efficiently?
Yes, the organization appears to spend efficiently. In 2023, expenses were $2,818,230 against revenues of $3,355,285, indicating that a significant portion of revenue is not consumed by expenses, contributing to asset growth and financial stability.
Filing History
IRS 990 filing history for Torah Ore Seminary showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Torah Ore Seminary's revenue has declined by 24.9%, moving from $4.5M to $3.4M. Total assets increased by 144.6% over the same period, from $846K to $2.1M. Total functional expenses fell by 36.3%, from $4.4M to $2.8M. In its most recent filing year (2023), Torah Ore Seminary reported a surplus of $537K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.4M | $2.8M | $2.1M | $0 | — | — |
| 2022 | $3.6M | $3.0M | $1.5M | $0 | — | View 990 |
| 2021 | $2.6M | $2.3M | $919K | $106K | — | View 990 |
| 2020 | $2.4M | $2.0M | $751K | $193K | — | View 990 |
| 2019 | $2.6M | $2.4M | $502K | $365K | — | View 990 |
| 2018 | $3.1M | $2.8M | $483K | $641K | — | View 990 |
| 2017 | $2.6M | $2.6M | $477K | $912K | — | View 990 |
| 2016 | $2.5M | $2.6M | $433K | $746K | — | View 990 |
| 2015 | $2.5M | $2.6M | $504K | $664K | — | View 990 |
| 2014 | $2.4M | $3.4M | $1.0M | $1.2M | — | View 990 |
| 2013 | $2.1M | $2.1M | $1.4M | $508K | — | View 990 |
| 2012 | $2.4M | $2.2M | $2.2M | $1.3M | — | View 990 |
| 2011 | $4.7M | $4.1M | $2.1M | $1.4M | — | View 990 |
| 2010 | $4.5M | $4.4M | $846K | $746K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.4M, expenses of $2.8M, and assets of $2.1M (revenue -6.6% year-over-year).
- 2022: Revenue of $3.6M, expenses of $3.0M, and assets of $1.5M (revenue +37.0% year-over-year).
- 2021: Revenue of $2.6M, expenses of $2.3M, and assets of $919K (revenue +10.1% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.0M, and assets of $751K (revenue -9.3% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.4M, and assets of $502K (revenue -14.2% year-over-year).
- 2018: Revenue of $3.1M, expenses of $2.8M, and assets of $483K (revenue +19.9% year-over-year).
- 2017: Revenue of $2.6M, expenses of $2.6M, and assets of $477K (revenue +3.5% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.6M, and assets of $433K (revenue -2.6% year-over-year).
- 2015: Revenue of $2.5M, expenses of $2.6M, and assets of $504K (revenue +6.4% year-over-year).
- 2014: Revenue of $2.4M, expenses of $3.4M, and assets of $1.0M (revenue +14.6% year-over-year).
- 2013: Revenue of $2.1M, expenses of $2.1M, and assets of $1.4M (revenue -12.2% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.2M, and assets of $2.2M (revenue -49.6% year-over-year).
- 2011: Revenue of $4.7M, expenses of $4.1M, and assets of $2.1M (revenue +4.8% year-over-year).
- 2010: Revenue of $4.5M, expenses of $4.4M, and assets of $846K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Torah Ore Seminary:
Data Sources and Methodology
This transparency report for Torah Ore Seminary 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.