Torah Education Of America Inc

Charity Navigator rates Torah Education Of America Inc with a score of 60%, resulting in a Two-Star out of Four Star rating. This rating highlights potential areas of concern, particularly in the organization's financial transparency and governance practices. While the charity has a majority of independent board members, significant gaps exist in financial reporting and other essential accountability measures.

One of the strengths noted in the evaluation is the high program expense ratio at 80.20% and an efficient fundraising ratio of $0.022, indicating that the organization effectively allocates resources towards its mission and maintains cost-effective fundraising practices. Additionally, there are no material diversions of assets, which speaks to the integrity of the organization’s operations.

However, the absence of key financial statements and policies, such as a whistleblower policy and document retention practices, raises concerns about the overall governance framework. The organization also has a high liabilities to assets ratio of 73.33%, suggesting potential financial risks. These limitations may impact potential donors' confidence in the charity’s financial health and governance standards.

This AI summary has been generated from information found on Charity Navigator.

Torah Education Of America Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Torah Education Of America 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: $87,303
Professional Fundraising Fees: $0
Other Salaries and Wages: $473,075

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