Toras Chaim Inc
Toras Chaim Inc. consistently directs 100% of reported officer compensation to programs, maintaining lean operations with modest assets.
EIN: 113401024 · Teaneck, NJ · NTEE: X30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $400K |
| Total Expenses | $251K |
| Program Spending | 90% |
| Net Assets | $33K |
| Transparency Score | 92/100 |
Is Toras Chaim Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Toras Chaim Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Toras Chaim Inc
Toras Chaim Inc (EIN: 113401024) is a nonprofit organization based in Teaneck, NJ, classified under NTEE code X30. The organization reported total revenue of $400K and total assets of $59K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Toras Chaim Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Toras Chaim Inc is a small nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $290K |
| Total Expenses | $251K |
| Surplus / Deficit | +$39K |
| Total Assets | $38K |
| Total Liabilities | $4K |
| Net Assets | $33K |
| Operating Margin | 13.4% |
| Debt-to-Asset Ratio | 11.9% |
| Months of Reserves | 1.8 months |
Financial Health Grade: A
In 2023, Toras Chaim Inc reported a surplus of $39K with revenue exceeding expenses, holds 1.8 months of operating reserves (limited), has a debt-to-asset ratio of 11.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Toras Chaim Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.7% | -20.3% | +5062.4% |
| 2022 | +34.8% | +40.0% | -87.8% |
| 2021 | +30.0% | +31.4% | -12.6% |
| 2020 | +11.4% | +25.9% | +159.3% |
| 2019 | -13.3% | -24.9% | +156.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 1998 |
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 Toras Chaim Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Toras Chaim Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $39K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.9%.
Executive Compensation Analysis
Toras Chaim Inc. consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries. This suggests a strong commitment to directing financial resources entirely towards program services, which is highly commendable for an organization of its size.
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 Toras Chaim Inc's IRS 990 filings:
- Modest asset base relative to revenue, potentially limiting long-term resilience.
Strengths
The following positive indicators were identified for Toras Chaim Inc:
- 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).
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) some concerns. Mission Score: 92/100. 1 red flag identified, 4 strengths noted.
How does Toras Chaim Inc spend its money?
Toras Chaim Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Toras Chaim Inc tax-deductible?
Toras Chaim Inc is registered as a tax-exempt nonprofit (EIN: 113401024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Toras Chaim Inc's spending goes to programs?
Toras Chaim Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Toras Chaim Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Toras Chaim Inc 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 Toras Chaim Inc located?
Toras Chaim Inc is headquartered in Teaneck, New Jersey and files with the IRS under EIN 113401024. It is classified under NTEE code X30.
How many years of IRS 990 filings does Toras Chaim Inc have?
Toras Chaim Inc 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 $400K in total revenue.
Is Toras Chaim Inc. a good charity?
Based on the provided data, Toras Chaim Inc. appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong focus on program spending. Its revenue has shown consistent growth, and expenses are managed efficiently, often resulting in a surplus.
How does Toras Chaim Inc. manage its executive compensation?
Toras Chaim Inc. manages its executive compensation by reporting 0% officer compensation across all 13 available filings. This means no funds are used for executive salaries, a highly positive indicator of financial stewardship.
What is the financial trend of Toras Chaim Inc.?
Toras Chaim Inc. shows a positive financial trend with consistent revenue growth, from $124,545 in 2014 to $289,858 in 2023. Expenses generally track revenue, often resulting in a modest surplus, indicating stable financial management.
What is the organization's asset base like?
The organization's asset base is relatively modest compared to its annual revenue. For example, in 2023, assets were $37,531 against revenues of $289,858. While growing, this modest asset base could limit long-term financial resilience.
Filing History
IRS 990 filing history for Toras Chaim Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Toras Chaim Inc's revenue has grown by 194.7%, moving from $98K to $290K. Total assets increased by 2511.8% over the same period, from $1K to $38K. Total functional expenses rose by 142.6%, from $103K to $251K. In its most recent filing year (2023), Toras Chaim Inc reported a surplus of $39K, with revenue exceeding expenses. The organization holds $4K in liabilities against $38K in assets (debt-to-asset ratio: 11.9%), resulting in net assets of $33K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $290K | $251K | $38K | $4K | — | — |
| 2022 | $307K | $315K | $727 | $7K | — | — |
| 2021 | $228K | $225K | $6K | $4K | — | View 990 |
| 2020 | $175K | $171K | $7K | $8K | — | View 990 |
| 2019 | $157K | $136K | $3K | $13K | — | View 990 |
| 2018 | $181K | $181K | $1K | $33K | — | View 990 |
| 2017 | $171K | $184K | $2K | $34K | — | View 990 |
| 2016 | $113K | $102K | $14K | $34K | — | View 990 |
| 2015 | $161K | $159K | $5K | $35K | — | View 990 |
| 2014 | $125K | $126K | $747 | $34K | — | View 990 |
| 2013 | $85K | $85K | $5 | $31K | — | View 990 |
| 2012 | $118K | $119K | $222 | $31K | — | View 990 |
| 2011 | $98K | $103K | $1K | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $290K, expenses of $251K, and assets of $38K (revenue -5.7% year-over-year).
- 2022: Revenue of $307K, expenses of $315K, and assets of $727 (revenue +34.8% year-over-year).
- 2021: Revenue of $228K, expenses of $225K, and assets of $6K (revenue +30.0% year-over-year).
- 2020: Revenue of $175K, expenses of $171K, and assets of $7K (revenue +11.4% year-over-year).
- 2019: Revenue of $157K, expenses of $136K, and assets of $3K (revenue -13.3% year-over-year).
- 2018: Revenue of $181K, expenses of $181K, and assets of $1K (revenue +6.0% year-over-year).
- 2017: Revenue of $171K, expenses of $184K, and assets of $2K (revenue +52.0% year-over-year).
- 2016: Revenue of $113K, expenses of $102K, and assets of $14K (revenue -30.2% year-over-year).
- 2015: Revenue of $161K, expenses of $159K, and assets of $5K (revenue +29.5% year-over-year).
- 2014: Revenue of $125K, expenses of $126K, and assets of $747 (revenue +46.8% year-over-year).
- 2013: Revenue of $85K, expenses of $85K, and assets of $5 (revenue -27.9% year-over-year).
- 2012: Revenue of $118K, expenses of $119K, and assets of $222 (revenue +19.6% year-over-year).
- 2011: Revenue of $98K, expenses of $103K, and assets of $1K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Toras Chaim Inc:
Data Sources and Methodology
This transparency report for Toras Chaim Inc 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.