Bais Shaindel

Analysis

Bais Shaindel is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in September 2023, 3 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 July 2023, Bais Shaindel reported income of $12.8m and spending of $7.6m, leaving 41% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.3m to $12.8m (+290%), an average of +40% a year. The sharpest change came in the year to July 2021, when income rose by 82%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bais Shaindel sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within NJ. Charities of a similar size with the same main cause include Carpenters Joint Training Fund of St Louis ($12.8m), Falls Lake Academy Inc ($12.8m) and The George and Barbara Bush Foundation ($12.8m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. Other salaries and wages came to $2.5m. At year end it held assets of $19.4m against liabilities of $7.3m, net assets of $12.2m. It reported 187 employees.