Cheder Yaldei Menachem Inc

Analysis

Cheder Yaldei Menachem Inc is a registered charity in United States, based in Hillside, NJ. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 August 2023, Cheder Yaldei Menachem Inc reported income of $656k and spending of $626k, spending 95% of its income. Across the 4 years on record, from August 2020 to August 2023, income grew from $267k to $656k (+146%), an average of +35% a year. The sharpest change came in the year to August 2021, when income rose by 90%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Cheder Yaldei Menachem Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Inner Visions Spiritual Life Maintenance Inc ($656k), Heritage 21 Foundation ($656k) and Won Buddhism Meditation Temple Ofberkeley ($656k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $39k (6.2% of expenses). Other salaries and wages came to $365k. At year end it held assets of $290k against liabilities of $123k, net assets of $168k. It reported 20 employees.