Overview
What is Tomchei Tzedaka Corp?
Tomchei Tzedaka Corp, operating under the name "World of Tzedaka," is a global nonprofit organization located at 16 Bridgewood Ave, Lakewood, NJ 08701. Their primary mission is to provide financial aid to families in need, ensuring they meet the specified qualifications outlined in their bylaws. This assistance extends beyond local boundaries, reaching families globally. The organization's activities and mission revolve around offering financial assistance, thereby uplifting and supporting families in need on a global scale.
What are the reviews and ratings of this charity?
**: 2 Stars (Needs Improvement)**ent)**
Tomchei Tzedaka Corp has received a Two-Star out of Four Star rating from Charity Navigator, indicating that while the organization demonstrates some strengths in accountability and finance, there are notable areas in need of improvement. The charity scored 67% overall, with a perfect score for having a majority independent board members and a solid program expense ratio, showcasing its commitment to funding programs effectively.
However, significant weaknesses were identified in areas such as transparency and governance, as evidenced by missing elements like a website listed on their tax form and the absence of a whistleblower policy. Additionally, their board size, consisting of only three independent members, raises concerns about governance strength. These limitations may affect how stakeholders view the charity's overall effectiveness.
Unfortunately, user reviews from GreatNonprofits were not available, so feedback from the public about their experiences with Tomchei Tzedaka Corp could not be provided. Overall, while the organization shows promise in financial stewardship, potential donors and supporters may want to consider the noted governance challenges.
This AI summary has been generated from information found on Charity Navigator.
Is Tomchei Tzedaka Corp legitimate?
Tomchei Tzedaka Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tomchei Tzedaka Corp 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 Tomchei Tzedaka Corp?
Tomchei Tzedaka Corp is an organization that provides financial aid to families in need on a global scale. Its mission, as stated in its bylaw requirements, is to extend this assistance to eligible families who meet the organization's specific criteria. The corporation's primary objective is to alleviate financial hardships worldwide, ensuring that those in need have access to essential resources. Tomchei Tzedaka Corp's activities are guided by its bylaws, ensuring that the aid it provides is distributed equitably and effectively to those who require it most.
Who is the CEO of Tomchei Tzedaka Corp?
Yakov Domb is the Trustee of Tomchei Tzedaka Corp.
What is the revenue of Tomchei Tzedaka Corp?
Tomchei Tzedaka Corp's revenue in 2022 was $8,431,048.
Who are the executives of Tomchei Tzedaka Corp and what are their salaries?
Here are 3 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Tomchei Tzedaka Corp?
Tomchei Tzedaka Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tomchei Tzedaka Corp
Tomchei Tzedaka Corp, a globally active organization, is dedicated to providing financial assistance to families in need. The corporation adheres to specific qualifications outlined in its bylaws before extending aid. This mission is rooted in the organization's commitment to alleviating financial hardships and offering a helping hand to those who require it most, on a global scale. By fulfilling this mission, Tomchei Tzedaka Corp seeks to contribute positively to the lives of numerous families, promoting a sense of security and hope in challenging times.
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Impact
July, 2024
Tomchei Tzedaka Corp provides vital financial assistance to needy families globally, offering support to those who meet the organization's specified qualifications. Through their work, they make a direct impact on improving the lives of individuals and families facing economic hardship. Their mission to alleviate financial burdens and help those in need transcends geographical boundaries, demonstrating a commitment to making a meaningful difference in the lives of the less fortunate.
This information is meant to be a general summary of Tomchei Tzedaka Corp. 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.
- Investment Income: $187
- Gross Receipts: $8,431,048
Assets and Liabilities:
- Total Assets: $121,608
- Total Liabilities: $68
- Net Assets: $121,540
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Organization Details
Founding Year
2017
Phone
(732) 281-4352Principal Officer
Yakov Domb
Main Address
16 BRIDGEWOOD AVE, LAKEWOOD, NJ, 08701
NTEE Category
Code: X30 - Religion related
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