Overview
What is Keren Torah Vchesed?
Keren Torah Vchesed is a nonprofit organization based in Lakewood, New Jersey. Its primary mission is to support an Israeli religious organization, Irgun Hesh Hatorah, by raising funds in the United States. This Israeli organization operates religious centers for worship and Torah study and works towards alleviating poverty in Israel. Through Keren Torah Vchesed, financial aid is provided to aid in these endeavors, contributing to the overall betterment of the religious community and the less fortunate in Israel.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 62%, earning it a Two-Star out of Four Star rating. This rating indicates that Keren Torah Vchesed has a moderate level of accountability and financial health, but there are several areas where improvement is needed. While the organization has 100% independent board members and has not reported any material diversion of assets, its overall financial transparency is lacking.
The strengths of Keren Torah Vchesed include a solid program expense ratio, suggesting that funds are effectively directed toward their mission. However, significant weaknesses were identified in their financial statements and documentation practices, as indicated by the low scores in these areas. The absence of a whistleblower policy and insufficient board meeting minutes documentation raise concerns about governance and accountability.
Additionally, while the organization has a conflict of interest policy in place, other governance aspects such as document retention and the posting of financial forms on their website were notably lacking. These limitations highlight the need for Keren Torah Vchesed to enhance its transparency and governance practices to foster greater trust and support from donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Keren Torah Vchesed legitimate?
Keren Torah Vchesed is a legitimate nonprofit organization registered as a 501(c)(3) entity. Keren Torah Vchesed 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 Keren Torah Vchesed?
Keren Torah Vchesed, serving as the American fundraising arm of Irgun Hesher Hatorah, is an established religious organization based in Israel. Its primary mission is twofold: it maintains religious centers for worship and Torah study, offering a place for spiritual growth and learning. Additionally, the organization is dedicated to alleviating poverty in Israel, providing assistance to those in need. By combining religious and charitable endeavors, Keren Torah Vchesed strives to make a positive impact in the lives of its community members.
Who is the CEO of Keren Torah Vchesed?
Yitzchak Buchinger is the Director of Keren Torah Vchesed.
What is the revenue of Keren Torah Vchesed?
Keren Torah Vchesed's revenue in 2022 was $1,637,768.
Who are the executives of Keren Torah Vchesed and what are their salaries?
There 2 volunteers at Keren Torah Vchesed.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Keren Torah Vchesed?
Keren Torah Vchesed's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Keren Torah Vchesed
Keren Torah Vchesed, an American fundraising arm of the established Israeli religious organization Irgun Hesh Hatorah, carries out a mission to maintain religious centers for worship and Torah study, while also alleviating poverty in Israel. Through its activities, this organization seeks to provide a spiritual haven and essential resources for Israelis, ensuring that they can continue their religious practices and live with dignity. By supporting religious centers, Keren Torah Vchesed contributes to the preservation of cultural and spiritual traditions, offering individuals a space to connect with their faith and community. Simultaneously, by addressing poverty in Israel, the organization works to uplift the lives of those in need, providing them with the necessary means to overcome financial hardships and improve their circumstances. In this manner, Keren Torah Vchesed serves as a vital bridge between spiritual and material well-being for the Israeli population.
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Impact
July, 2024
Keren Torah Vchesed, as the American fundraising arm of Irgun Hesh Hatorah, plays a significant role in maintaining religious centers for worship and Torah study while also alleviating poverty in Israel. Through its efforts, this organization has had a profound impact on the lives of many in Israel, providing essential support to those in need and fostering a strong religious community dedicated to Torah education and practice. Its work not only helps individuals and families in difficult circumstances but also contributes to the preservation and promotion of religious traditions and values in Israel.
This information is meant to be a general summary of Keren Torah Vchesed. 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: $1,637,768
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2020
Phone
(718) 334-5652Principal Officer
Yitzchak Buchinger
Main Address
53 FORSGATE WAY, LAKEWOOD, NJ, 08701
NTEE Category
Code: Q11 - International
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