Beis Midrash of Queens

Analysis

Beis Midrash of Queens is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1982, 44 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 December 2023, Beis Midrash of Queens reported income of $3.1m and spending of $2.9m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.1m (+104%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 34%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Beis Midrash of Queens 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 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include National Christian Charitable Foundation Inc ($3.1m), United Way of St Johns County Inc ($3.1m) and Annapolis Maritime Museum Inc ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $67k (2.3% of expenses). Other salaries and wages came to $357k. At year end it held assets of $2.3m against liabilities of $1.1m, net assets of $1.3m. It reported 15 employees.