Beer Hagolah Institutes Inc

Analysis

Beer Hagolah Institutes Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in November 1979, 47 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, Beer Hagolah Institutes Inc reported income of $7.1m and spending of $7.4m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $7.1m (+50%), an average of +11% a year. The sharpest change came in the year to June 2020, when income rose by 43%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beer Hagolah Institutes 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 92nd percentile within NY. Charities of a similar size with the same main cause include Maryland Philanthropy Network Inc ($7.1m), City of Pikeville Exposition Center Corporation ($7.1m) and Caroline Center Inc ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $100k (1.4% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $4.1m against liabilities of $212k, net assets of $3.9m. It reported 151 employees.