Bnos Malka Academy

Analysis

Bnos Malka Academy is a registered charity in United States, based in Forest Hills, NY. It received its IRS tax-exemption ruling in September 1997, 29 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 July 2023, Bnos Malka Academy reported income of $7.1m and spending of $6.8m, spending 96% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $5.0m to $7.1m (+41%), an average of +9.1% a year. The sharpest change came in the year to July 2021, when income rose by 39%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bnos Malka Academy 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 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Westminster Academy ($7.1m), Uc Law SF Foundation ($7.1m) and Midamerica Nazarene University Foundation ($7.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 32% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $286k (4.2% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $13.6m against liabilities of $11.9m, net assets of $1.8m. It reported 119 employees.