Yeshiva Derech Chaim

Analysis

Yeshiva Derech Chaim is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1976, 50 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, Yeshiva Derech Chaim reported income of $4.2m and spending of $4.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $4.2m (+59%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 56%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yeshiva Derech Chaim sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 88th percentile within NY. Charities of a similar size with the same main cause include Arc Rapides Inc ($4.2m), Education Writers Association ($4.2m) and The Cornerstone School Inc ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $374k (9.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.8m against liabilities of $304k, net assets of $2.5m. It reported 43 employees.