Tiferes Bais Yaakov Inc

Analysis

Tiferes Bais Yaakov Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in April 1998, 28 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, Tiferes Bais Yaakov Inc reported income of $5.9m and spending of $5.8m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.6m to $5.9m (+27%), an average of +6.1% a year. The sharpest change came in the year to August 2021, when income rose by 136%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Tiferes Bais Yaakov Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include South of Market Child Care Inc ($5.9m), Ccsu Foundation Inc ($5.9m) and Imagine Academy Corporation ($5.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 31% and program service revenue 64% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $14.5m against liabilities of $3.1m, net assets of $11.4m. It reported 136 employees.