Mesivta of Clifton

Analysis

Mesivta of Clifton is a registered charity in United States, based in Passaic, NJ. It received its IRS tax-exemption ruling in September 2007, 19 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, Mesivta of Clifton reported income of $3.9m and spending of $2.7m, leaving 31% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.1m to $3.9m (+90%), an average of +17% a year. The sharpest change came in the year to August 2021, when income rose by 46%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mesivta of Clifton sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Chapel Hill Christian School ($3.9m), Operating Engineers Local 841 Apprenticeship and Training Trust ($3.9m) and Missouri Torah Institute ($3.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 60% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $168k (6.2% of expenses). Other salaries and wages came to $775k. At year end it held assets of $8.7m against liabilities of $2.7m, net assets of $6.0m. It reported 22 employees.