Yeshivat Maharat Inc

Analysis

Yeshivat Maharat Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Yeshivat Maharat Inc reported income of $4.7m and spending of $3.7m, leaving 21% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.4m to $4.7m (+38%), an average of +8.5% a year. The sharpest change came in the year to August 2023, when income rose by 92%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yeshivat Maharat Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Order of the Fishermen Ministry Head Start Program Inc ($4.6m), College of Marin Foundation ($4.7m) and Pi Kappa Alpha Foundation ($4.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 98% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $602k (16% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $6.7m against liabilities of $49k, net assets of $6.7m. It reported 22 employees.