Overview
What is Torat Shraga Inc?
Torat Shraga Inc is a nonprofit organization situated in Lawrence, New York, with a specific focus on religious education and charitable assistance. Their primary mission is to propagate religious teachings both in Israel and globally. Additionally, they offer financial aid to individuals in need, demonstrating their commitment to community support. Based in 1 Copper Beach Lane, this organization strives to make a positive impact in the realm of spiritual education and social welfare.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
Torat Shraga Inc has received an impressive score of 87%, indicating strong performance in accountability and finance. The organization boasts a fully independent board, with 100% of its members meeting this criterion, and excellent management of financial statements. Key policies concerning conflicts of interest, whistleblowing, and document retention are all in place and adhered to, contributing to a transparent operational structure.
The charity shows a commendable level of financial health, reflected in a low liabilities to assets ratio of 0.79%, which demonstrates effective asset management. Additionally, it has a solid program expense ratio of 61.22%, although this could be improved to ensure a higher percentage of their expenditures is directly supporting their programs.
While the overall rating is strong, potential donors may want to consider the program expense ratio, as it suggests that a notable portion of the budget may not be allocated directly to program services. Overall, Torat Shraga Inc appears to be a reliable organization with good governance practices and financial oversight.
This AI summary has been generated from information found on Charity Navigator.
Is Torat Shraga Inc legitimate?
Torat Shraga Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Torat Shraga 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
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What is the mission statement of Torat Shraga Inc?
Torat Shraga Inc's mission is focused on promoting religious education both in Israel and globally. Additionally, the organization is committed to offering financial aid to individuals in need. Their activities encompass both these aspects, aiming to foster religious knowledge and provide financial support to those who require it.
Who is the CEO of Torat Shraga Inc?
Tzvi Eleff is the President of Torat Shraga Inc.
What is the revenue of Torat Shraga Inc?
Torat Shraga Inc's revenue in 2022 was $797,353.
Who are the executives of Torat Shraga Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Torat Shraga Inc?
Torat Shraga Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Torat Shraga Inc
Torat Shraga Inc, a nonprofit organization, is dedicated to promoting religious education both in Israel and globally. Beyond this, the organization has a compassionate mission to extend financial aid to individuals in need. In essence, Torat Shraga Inc seeks to foster spiritual growth and provide essential support to those in financial distress.
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Impact
July, 2024
Torat Shraga Inc's impact lies in promoting religious instruction in the State of Israel and worldwide. By providing financial assistance to the needy, the organization plays a crucial role in supporting religious education and helping those in need. Its efforts have the potential to make a significant difference in the lives of individuals and communities, both locally and on an international scale.
This information is meant to be a general summary of Torat Shraga 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: $797,353
Assets and Liabilities:
- Total Assets: $2,217,215
- Total Liabilities: $17,638
- Net Assets: $2,199,577
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Organization Details
Founding Year
2015
Phone
(516) 569-4302Principal Officer
Tzvi Eleff
Main Address
1 Copper Beach Lane, Lawrence, NY, 11559
NTEE Category
Code: Q30 - International
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