Hadar Bais Yaakov Inc

Analysis

Hadar Bais Yaakov Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in January 1996, 30 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hadar Bais Yaakov Inc reported income of $2.3m and spending of $2.4m, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.3m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Hadar Bais Yaakov Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Denver Post Community Foundation ($2.3m), The Greenville Area Community Foundation ($2.3m) and Brain Research Foundation ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $51k. At year end it held assets of $1.3m against liabilities of $1,971, net assets of $1.3m. It reported 3 employees.