Yeshiva Ktana of Passaic

Analysis

Yeshiva Ktana of Passaic is a registered charity in United States, based in Passaic, NJ. It received its IRS tax-exemption ruling in February 1989, 37 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2021, Yeshiva Ktana of Passaic reported income of $20.5m and spending of $19.5m, spending 95% of its income. Across the 3 years on record, from June 2019 to June 2021, income grew from $19.3m to $20.5m (+6.4%), an average of +3.1% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Yeshiva Ktana of Passaic sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NJ. Charities of a similar size with the same main cause include Ner L Horeinu Inc ($20.5m), Evelyn Rubenstein Jewish Community Center of Houston Texas ($20.7m) and Choice Books of Northern Virginia Inc ($20.3m).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 22% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $213k (1.1% of expenses). Other salaries and wages came to $12.7m. At year end it held assets of $33.8m against liabilities of $16.9m, net assets of $16.9m. It reported 619 employees.