Torah Research Academy

It spent $246 more than it took in, drawing down the difference. Neither is good or bad on its own — charities hold reserves, run capital campaigns, and spend down endowments, and the return does not say which.

This charity did not report a breakdown of its spending.

That is a normal and permitted way to file — the CRA return lets smaller charities complete a simplified section. It is not a sign of anything, and it does not mean the charity spent nothing on these things.

Torah Research Academy reported spending 75.9% of its expenditure on charitable programs. Among the 2,535 charities registered under teaching institutions that reported the same line for 2023, the middle of the range is 89.0%, and this charity sits at the 21th percentile — below 79% of them.

That is a position in a distribution, not a verdict. Charities allocate costs differently on the same form, and a lower share often reflects how a return was filled in rather than how the money was spent. The cohort counts only charities that reported this line — about a quarter of the register does not, and they are not in the comparison at all.

Charities that hold significant property not used in their programs must spend a minimum amount each year — the disbursement quota. Torah Research Academy files this schedule; most charities do not.

Charities may also carry a disbursement excess forward for five years, so a single year is a slice of a longer calculation rather than the whole of it.