Congregation Bnos Yaakov Inc

Analysis

Congregation Bnos Yaakov Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in February 1999, 27 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, Congregation Bnos Yaakov Inc reported income of $8.7m and spending of $8.2m, spending 95% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $5.6m to $8.7m (+55%), an average of +12% a year. The sharpest change came in the year to July 2021, when income rose by 60%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Congregation Bnos Yaakov Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Indian Institute of Technology Kanpur Foundation Inc ($8.7m), Urban Pathways 6-12 Charter School ($8.7m) and Mountain Island Day ($8.7m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 37% and program service revenue 60% of the total. Compensation of current officers, directors and key employees was $220k (2.7% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $15.9m against liabilities of $9.7m, net assets of $6.2m. It reported 187 employees.