Overview
What is Ohr Halacha Inc?
Ohr Halacha Inc, based in Long Branch, New Jersey, is a nonprofit organization committed to supporting Rabbinical students. By subsidizing their living expenses, this organization enables these students to fully concentrate on their religious studies and serve their community. Furthermore, Ohr Halacha Inc extends its financial aid to needy families and other nonprofit organizations, helping them realize their goals and fulfill their mission. With a modest team of one dedicated individual, Ohr Halacha Inc plays a significant role in nurturing future religious leaders and providing assistance to those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74% (Two-Star out of Four Star rating)
Ohr Halacha Inc has received a Two-Star rating from Charity Navigator, indicating that while the organization meets certain accountability and financial benchmarks, there is room for improvement. The charity's overall score of 74% reflects a solid foundation, with notable strengths in governance, such as having 100% independent board members and no reported material diversion of assets.
The organization excels in maintaining a conflict of interest policy and documents board meeting minutes, demonstrating a commitment to transparency and ethical management. Furthermore, their liabilities to assets ratio indicates a sound financial position, suggesting that they manage their debts effectively.
However, the program expense ratio, while still reasonable at 65.16%, shows that there could be more investment in programs relative to administrative costs. This aspect may warrant attention to enhance their impact in the community and improve their overall star rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Ohr Halacha Inc legitimate?
Ohr Halacha Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ohr Halacha 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: $30,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,200
For more financial information, click here
What is the mission statement of Ohr Halacha Inc?
Ohr Halacha Inc's mission is centered around financially aiding Rabbinical students. By subsidizing their living expenses, the organization enables these students to focus solely on their studies of the Torah and serving their community. Beyond assisting Rabbinical students, Ohr Halacha Inc also extends financial aid to needy families and other non-profit organizations, helping them to advance their respective goals and missions.
Who is the CEO of Ohr Halacha Inc?
Hayim Arking is the Director of Ohr Halacha Inc.
What is the revenue of Ohr Halacha Inc?
Ohr Halacha Inc's revenue in 2022 was $516,719.
Who are the executives of Ohr Halacha Inc and what are their salaries?
The average compensation at Ohr Halacha Inc during 2022 was $45,200. There is 1 employee and 3 volunteers at Ohr Halacha Inc.
Here are 3 key members and their salaries:
- Compensation: $30,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ohr Halacha Inc?
Ohr Halacha Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ohr Halacha Inc
Ohr Halacha Inc, a nonprofit organization, is dedicated to supporting Rabbinical students financially by subsidizing their living expenses. This allowance enables these students to fully immerse themselves in the study of the Torah, ultimately preparing them to serve their communities. Beyond assisting Rabbinical students, Ohr Halacha Inc also extends financial aid to needy families and other Not For Profit Organizations, thereby empowering them to further their own goals and missions.
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Impact
July, 2024
Ohr Halacha Inc has a significant impact on the community by financially assisting Rabbinical students, enabling them to dedicate their time to studying the Torah and serving the community. Additionally, the organization provides support to needy families and other Nonprofit Organizations, helping them further their goals and mission. Through their mission of subsidizing living expenses, Ohr Halacha Inc plays a crucial role in supporting religious education and community service.
This information is meant to be a general summary of Ohr Halacha 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: $516,719
Assets and Liabilities:
- Total Assets: $98,877
- Total Liabilities: $0
- Net Assets: $98,877
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Organization Details
Founding Year
2015
Phone
(732) 331-7002Principal Officer
Hayim Arking
Main Address
704 Hoey Avenue, Long Branch, NJ, 07740
NTEE Category
Code: X30 - Religion related
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