Central Yeshiva Tomchei Timimim Lubavitz of the U S a

Analysis

Central Yeshiva Tomchei Timimim Lubavitz of the U S a is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 1970, 56 years ago. 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 June 2023, Central Yeshiva Tomchei Timimim Lubavitz of the U S a reported income of $8.2m and spending of $7.7m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.3m to $8.2m (+90%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 38%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Yeshiva Tomchei Timimim Lubavitz of the U S a sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Ascension Seton Foundation ($8.2m), Fort George Community Services Inc ($8.2m) and Consumers Research Inc ($8.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $105k (1.4% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $13.2m against liabilities of $1.2m, net assets of $12.0m. It reported 56 employees.