Overview
What is Torah Support Fund Inc?
Torah Support Fund Inc, located in Brooklyn, New York, is a small-scale nonprofit organization with a mission to promote charitable, religious, educational, and social development goals. They achieve this by granting financial aid to various organizations and individuals in need, enabling them to work towards these objectives. Specifically, the fund supports 28 needy individuals and families, aiming to make a meaningful impact in their lives. The organization's activities are centered around charitable and social development, demonstrating a commitment to making a difference in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Torah Support Fund Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The charity's score is solely based on its accountability and finance metrics, where it achieved a remarkable score of 94%. This high rating indicates that the organization is effectively managing its resources and maintaining transparency in its operations.
Key strengths of the Torah Support Fund include having a fully independent board, with all members meeting the criteria for independence. The organization has also established robust financial oversight practices, including a dedicated audit and oversight committee. Furthermore, the charity demonstrates excellent fiscal responsibility, with an impressive program expense ratio of 99.67%, indicating that most of its expenses directly support its mission.
There are no significant limitations noted in the data available, which further underscores the organization's reliable operational practices. The presence of important governance policies, such as conflict of interest and whistleblower policies, further enhances its credibility. Overall, the Torah Support Fund Inc stands out as a well-managed nonprofit with a strong focus on its goals and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Torah Support Fund Inc legitimate?
Torah Support Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Torah Support Fund 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: $119,243
For more financial information, click here
What is the mission statement of Torah Support Fund Inc?
Torah Support Fund Inc's mission is centered around promoting charitable, religious, educational, and social development goals. They achieve this by providing grants to organizations and individuals in need, enabling them to accomplish these objectives. The organization's primary objective is to pursue charitable, religious, educational, and social development goals as stated in its mission statement. It provides financial aid to 28 needy individuals and families, supporting them in their endeavors to achieve these goals. The fund's activities are geared towards uplifting communities and fostering development in various sectors.
Who is the CEO of Torah Support Fund Inc?
Yisroel Z Brodt is the President of Torah Support Fund Inc.
What is the revenue of Torah Support Fund Inc?
Torah Support Fund Inc's revenue in 2022 was $1,013,000.
Who are the executives of Torah Support Fund Inc and what are their salaries?
The average compensation at Torah Support Fund Inc during 2022 was $59,622. There are 2 employees and 7 volunteers at Torah Support Fund 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 Torah Support Fund Inc?
Torah Support Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Torah Support Fund Inc
Torah Support Fund Inc is an organization committed to promoting charitable, religious, educational, and social development goals. They achieve this by providing grants to various organizations, individuals, and families in need. The primary mission of Torah Support Fund Inc is to facilitate the attainment of these goals, thereby empowering the beneficiaries to improve their lives and communities. By offering financial assistance, this nonprofit organization plays a significant role in fostering growth and development in various sectors, ultimately contributing to a more prosperous society.
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Impact
July, 2024
Torah Support Fund Inc has had a significant impact by providing charitable aid to 28 needy individuals and families in Brooklyn, NY. Through grants and support, the organization has helped these individuals and families achieve their charitable, religious, educational, and social development goals. This impactful work aligns with the organization's mission to promote these important aspects of community growth and well-being.
This information is meant to be a general summary of Torah Support Fund 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 2022.
- Gross Receipts: $1,013,000
Assets and Liabilities:
- Total Assets: $46
- Total Liabilities: $0
- Net Assets: $46
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Organization Details
Founding Year
2012
Phone
(718) 508-3371Principal Officer
Yisroel Z Brodt
Main Address
5227 NEW UTRECHT AVENUE, BROOKLYN, NY, 11219
NTEE Category
Code: X30 - Religion related
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