Congregation Bnos Yakov

Analysis

Congregation Bnos Yakov is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in March 2010, 16 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 December 2023, Congregation Bnos Yakov reported income of $1.7m and spending of $1.6m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.7m (-19%), an average of -5.0% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 106% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Congregation Bnos Yakov sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Buck Vaughan Athletic Scholarship ($1.7m), Young Audiences Inc of Houston ($1.7m) and Next Charter School ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Other salaries and wages came to $615k. At year end it held assets of $420k against liabilities of $65k, net assets of $355k. It reported 51 employees.