Sephardic Bet Yaakov Inc

Analysis

Sephardic Bet Yaakov Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in April 2008, 18 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, Sephardic Bet Yaakov Inc reported income of $5.4m and spending of $5.2m, spending 96% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.1m to $5.4m (+72%), an average of +14% a year. The sharpest change came in the year to August 2021, when income rose by 141%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Sephardic Bet Yaakov Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Bishop Noland Episcopal Day School ($5.4m), San Joaquin Valley Christian School Association ($5.4m) and Atlas Public Schools ($5.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 56% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $11k (0.2% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $11.8m against liabilities of $7.1m, net assets of $4.7m. It reported 171 employees.