Yeshiva Zichron Mayir

Analysis

Yeshiva Zichron Mayir is a registered charity in United States, based in Mountain Dale, NY. It received its IRS tax-exemption ruling in July 1977, 49 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, Yeshiva Zichron Mayir reported income of $1.3m and spending of $1.0m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $792k to $1.3m (+59%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Yeshiva Zichron Mayir sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Saline Area Social Services Inc ($1.3m), Greater Philadelphia Hispanic Chamber of Commerce ($1.3m) and Future Farmers of America ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $52k (5.0% of expenses). Other salaries and wages came to $193k. At year end it held assets of $1.2m against liabilities of $505k, net assets of $738k. It reported 17 employees.