Bais Tova Inc

Analysis

Bais Tova Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in January 2000, 26 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 June 2023, Bais Tova Inc reported income of $14.3m and spending of $12.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.0m to $14.3m (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2021, when income rose by 93%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bais Tova Inc sits at the 95th percentile: it is larger than about 95% 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 Escondido Charter High School ($14.3m), Lee Montessori Public Charter School ($14.3m) and Fort Smith Public Library ($14.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 23% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $577k (4.5% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $34.8m against liabilities of $2.8m, net assets of $32.0m. It reported 376 employees.