Bais Medrash Zichron Meir Inc

Analysis

Bais Medrash Zichron Meir Inc is a registered charity in United States, based in West Long Branch, NJ. It received its IRS tax-exemption ruling in September 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 August 2023, Bais Medrash Zichron Meir Inc reported income of $1.8m and spending of $1.3m, leaving 23% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $949k to $1.8m (+84%), an average of +16% a year. The sharpest change came in the year to August 2021, when income rose by 45%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bais Medrash Zichron Meir Inc 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 87th percentile within NJ. Charities of a similar size with the same main cause include Great Bay Elearning Charter School ($1.8m), Soulard School Inc ($1.8m) and Imagine Superstition Middle Inc ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 38% and program service revenue 53% of the total. Other salaries and wages came to $463k. At year end it held assets of $3.9m against liabilities of $540k, net assets of $3.4m. It reported 8 employees.