Bnos Melech of Lakewood Inc

Analysis

Bnos Melech of Lakewood Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in April 2005, 21 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 June 2023, Bnos Melech of Lakewood Inc reported income of $11.7m and spending of $11.8m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.9m to $11.7m (+69%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 49%. 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 Melech of Lakewood Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Lincoln Park Performing Arts Charter School ($11.7m), Denise Louie Education Center ($11.7m) and Storm King School ($11.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.1% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $400k (3.4% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $21.3m against liabilities of $14.7m, net assets of $6.5m. It reported 274 employees.