Bais Kaila Torah Preparatory High School

Analysis

Bais Kaila Torah Preparatory High School is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in August 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 July 2023, Bais Kaila Torah Preparatory High School reported income of $3.4m and spending of $3.1m, spending 94% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.3m to $3.4m (+48%), an average of +10% a year. The sharpest change came in the year to July 2020, when income rose by 39%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bais Kaila Torah Preparatory High School sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include El Centro Comunal Borincano Day Care ($3.4m), Michigan Education Council ($3.4m) and Mid-Peninsula Pickering Inc ($3.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 16% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $106k (3.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $4.3m against liabilities of $512k, net assets of $3.8m. It reported 88 employees.