Beth Medrash Govoha of Lakewood Inc

Analysis

Beth Medrash Govoha of Lakewood Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Beth Medrash Govoha of Lakewood Inc reported income of $5.2m and spending of $5.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $5.2m (+21%), an average of +4.9% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Beth Medrash Govoha of Lakewood Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Babcock Urological Endow FD ($5.2m), Unity Christian High School Association ($5.2m) and South Carolina for Online Education Inc ($5.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.8% and program service revenue 96% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $12.5m against liabilities of $15.6m, net assets of -$3.2m. It reported 63 employees.