Bnos Bais Yaakov of Far Rockaway

Analysis

Bnos Bais Yaakov of Far Rockaway is a registered charity in United States, based in Far Rockaway, NY. It received its IRS tax-exemption ruling in May 1996, 30 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, Bnos Bais Yaakov of Far Rockaway reported income of $21.3m and spending of $20.9m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $13.4m to $21.3m (+59%), an average of +12% a year. The sharpest change came in the year to August 2021, when income rose by 52%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bnos Bais Yaakov of Far Rockaway sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include After-School All-Stars Los Angeles ($21.3m), Ace Charter School ($21.3m) and Zeta Charter Schools Inc ($21.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 26% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $374k (1.8% of expenses). Other salaries and wages came to $13.1m. At year end it held assets of $25.9m against liabilities of $11.2m, net assets of $14.7m. It reported 735 employees.