Overview
What is Ozar Hatorah Inc?
Ozar Hatorah Inc is a nonprofit organization that is committed to supporting the establishment and maintenance of religious educational institutions. Through fundraising efforts, they aim to contribute financially to these institutions, ensuring their continued operation and growth. This mission is at the heart of the organization, which was founded with the primary goal of voluntarily aiding in this crucial area of religious education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (37%)
Ozar Hatorah Inc has received a low score of 37%, resulting in a Zero-Star out of Four Star rating, indicating significant concerns regarding its accountability and financial practices. The rating is based solely on the Accountability & Finance beacon, which highlights weaknesses in several areas, including the absence of independent board members and critical governance policies such as conflict of interest and whistleblower protections.
Despite these shortcomings, the organization does show some strengths, particularly in its program expense ratio, which stands at 69.06%. This suggests that a substantial portion of its expenditures is directed towards program services rather than administrative costs. However, the organization's overall financial health is concerning, with a liabilities-to-assets ratio of nearly 88%, indicating potential financial instability.
In summary, while Ozar Hatorah Inc demonstrates some commitment to programmatic spending, its lack of transparency and governance policies raises red flags. The absence of independent oversight and missing essential policies could impact its long-term sustainability and effectiveness. Potential donors should consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Ozar Hatorah Inc legitimate?
Ozar Hatorah Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ozar Hatorah Inc 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 Ozar Hatorah Inc?
Ozar Hatorah Inc's mission is centered around raising funds to support the establishment and upkeep of religious educational institutions. The organization was initially formed with the primary objective of receiving donations and utilizing the principal and income derived from these funds to aid in the voluntary establishment and maintenance of religious educational institutions. In essence, Ozar Hatorah Inc serves to contribute financially towards the establishment and continuity of religious educational institutions.
What is the revenue of Ozar Hatorah Inc?
Ozar Hatorah Inc's revenue in 2023 was $18,306.
Who are the executives of Ozar Hatorah Inc and what are their salaries?
There 4 volunteers at Ozar Hatorah Inc.
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 Ozar Hatorah Inc?
Ozar Hatorah Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ozar Hatorah Inc
Ozar Hatorah Inc, a nonprofit organization, was established with the primary mission to receive funds and utilize the principal and income generated from these funds to aid in the establishment and maintenance of religious educational institutions. In simpler terms, this organization exists to collect and allocate resources to support the establishment and operation of religious educational institutions on a voluntary basis. This mission is crucial in providing a conducive environment for religious education, thereby contributing to the broader societal well-being.
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Impact
August, 2024
Ozar Hatorah Inc's impact lies in its mission to raise funds for the establishment and maintenance of religious educational institutions. By focusing on supporting these institutions, Ozar Hatorah Inc plays a crucial role in preserving and promoting religious education within the community. Through their efforts, they contribute to the continuity and growth of religious education, ensuring that future generations have access to the necessary resources for religious learning and development.
This information is meant to be a general summary of Ozar Hatorah Inc. 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 2023.
- Investment Income: $706
- Gross Receipts: $18,306
Assets and Liabilities:
- Total Assets: $118,553
- Total Liabilities: $104,300
- Net Assets: $14,253
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Organization Details
Founding Year
1946
Principal Officer
Isaac Shalom
NTEE Category
Code: X120 - Religion related
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