Overview
What is American Friends Of Bais Medrash Taharos?
American Friends of Bais Medrash Taharos is a nonprofit organization that primarily focuses on providing financial assistance to religious institutions of higher learning and funding Hebrew writings and Judaica books. They distribute funds to both nonprofit institutions and directly to indigent individuals, with a mission to support religious, charitable, and educational purposes in the United States and Israel. Their activities are in line with their primary exempt purpose.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
American Friends Of Bais Medrash Taharos has received a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial health. The score is primarily based on their Accountability & Finance metrics, showcasing strong governance with a fully independent board and comprehensive financial oversight practices. The organization demonstrates responsible management of resources, with no reported material diversions of assets.
The nonprofit excels in program efficiency, allocating 99.64% of its expenses directly to its programs. This indicates a strong commitment to achieving its mission and utilizing funds effectively. Additionally, it has established significant safeguards such as a conflict of interest policy and a whistleblower policy, which contribute to its overall accountability.
However, there are areas for improvement, particularly in fundraising efficiency, where the organization received a low score. They have a very high fundraising cost relative to the funds raised, which could be a concern for potential donors. Additionally, the working capital ratio suggests limited financial flexibility, as it indicates a short period of operational sustainability. Overall, while the organization shows promise, addressing these limitations could enhance its financial resilience and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is American Friends Of Bais Medrash Taharos legitimate?
American Friends Of Bais Medrash Taharos is a legitimate nonprofit organization registered as a 501(c)(3) entity. American Friends Of Bais Medrash Taharos submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of American Friends Of Bais Medrash Taharos?
The American Friends of Bais Medrash Taharos' primary objective is to offer financial aid to various religious institutions of higher learning. Additionally, it supports the funding of significant Hebrew writings and Judaica books. The organization distributes these funds to nonprofit institutions or directly to financially struggling individuals, primarily in the United States and Israel. The mission of American Friends of Bais Medrash Taharos is centered around supporting religious, charitable, and educational organizations that adhere to these principles.
Who is the CEO of American Friends Of Bais Medrash Taharos?
Robert Klein is the Secretary of American Friends Of Bais Medrash Taharos.
What is the revenue of American Friends Of Bais Medrash Taharos?
American Friends Of Bais Medrash Taharos's revenue in 2022 was $5,368,102.
Who are the executives of American Friends Of Bais Medrash Taharos and what are their salaries?
There 10 volunteers at American Friends Of Bais Medrash Taharos.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for American Friends Of Bais Medrash Taharos?
American Friends Of Bais Medrash Taharos's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of American Friends Of Bais Medrash Taharos
American Friends of Bais Medrash Taharos is an organization dedicated to providing financial assistance. Their primary objective is to support various religious institutions of higher learning and fund significant Hebrew writings and Judaica books. This support can extend to nonprofit institutions that are exclusively established for religious, charitable, and educational purposes, not only in the United States but also in Israel. Additionally, the organization extends its financial aid directly to indigent individuals in need. Through these efforts, American Friends of Bais Medrash Taharos aims to contribute to the preservation and propagation of religious texts and traditions, thereby playing a crucial role in the religious education and community development.
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Impact
July, 2024
American Friends Of Bais Medrash Taharos has a significant impact in providing financial assistance to religious institutions of higher learning and funding important Hebrew writings and Judaica books. By distributing funds to these institutions and directly to indigent individuals, the organization contributes to the preservation and promotion of religious education and study. The grants made by American Friends Of Bais Medrash Taharos support its primary exempt purpose and further its mission of supporting religious, charitable, and educational initiatives both in the United States and Israel. Through these efforts, the organization plays a vital role in advancing religious scholarship and access to important Judaica resources.
This information is meant to be a general summary of American Friends Of Bais Medrash Taharos. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $919
- Gross Receipts: $5,379,839
Assets and Liabilities:
- Total Assets: $452,835
- Total Liabilities: $0
- Net Assets: $452,835
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Organization Details
Founding Year
1993
Phone
(845) 356-6400Principal Officer
Robert Klein
Main Address
C/O BR 365 ROUTE 59 203, AIRMONT, NY, 10952
NTEE Category
Code: Q113 - International
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