Bet Yaakov of the Jersey Shore Inc

Analysis

Bet Yaakov of the Jersey Shore Inc is a registered charity in United States, based in W Long Branch, NJ. It received its IRS tax-exemption ruling in April 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 June 2023, Bet Yaakov of the Jersey Shore Inc reported income of $4.1m and spending of $4.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $4.1m (+57%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 74%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bet Yaakov of the Jersey Shore Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Indianola Educational Foundation Inc ($4.1m), Lake Sumter State College Foundation Inc ($4.1m) and Metropolitan Seattle Jewish Day School ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 68% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $5.5m against liabilities of $1.7m, net assets of $3.8m. It reported 122 employees.