Yeshiva Derech Hatorah-Yeshivat Mizrachi Lbanim

Analysis

Yeshiva Derech Hatorah-Yeshivat Mizrachi Lbanim is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover education, which this site groups under education and training. 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 August 2023, Yeshiva Derech Hatorah-Yeshivat Mizrachi Lbanim reported income of $4.3m and spending of $3.8m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.3m to $4.3m (+31%), an average of +7.1% a year. The sharpest change came in the year to August 2023, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yeshiva Derech Hatorah-Yeshivat Mizrachi Lbanim sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Harding Fine Arts Academy Inc ($4.3m), Lets Get Ready Inc ($4.3m) and Bernard M Baruch College Association Inc ($4.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $1.5m against liabilities of $331k, net assets of $1.2m. It reported 79 employees.