Beth Jacob Day Care Center Inc

Analysis

Beth Jacob Day Care Center Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Beth Jacob Day Care Center Inc reported income of $6.8m and spending of $7.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.0m to $6.8m (+13%), an average of +3.2% a year. The sharpest change came in the year to June 2022, when income rose by 50%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beth Jacob Day Care Center Inc 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 91st percentile within NY. Charities of a similar size with the same main cause include Northeast Independent Living Program Inc ($6.8m), Mid-Fairfield Child Guidance Center Inc ($6.8m) and United Methodist Community House ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $454k (6.4% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $3.5m against liabilities of $2.8m, net assets of $659k. It reported 114 employees.