Bais Medrash Mayan Hatorah Inc

Analysis

Bais Medrash Mayan Hatorah Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in January 2008, 18 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 August 2023, Bais Medrash Mayan Hatorah Inc reported income of $1.3m and spending of $1.6m, spending 124% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.3m to $1.3m (-4.5%), an average of -1.1% a year. The sharpest change came in the year to August 2022, when income dropped by 23%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bais Medrash Mayan Hatorah Inc 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 84th percentile within NJ. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Northwest Florida Inc ($1.3m), Crime Victim Advocacy Center of St Louis ($1.3m) and American Pancreatic Association ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Compensation of current officers, directors and key employees was $58k (3.7% of expenses). Other salaries and wages came to $391k. At year end it held assets of $3.6m against liabilities of $1.2m, net assets of $2.4m. It reported 18 employees.