Yeshivas Ohr Yissochor Academy Inc

Analysis

Yeshivas Ohr Yissochor Academy Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in October 2011, 15 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 2024, Yeshivas Ohr Yissochor Academy Inc reported income of $759k and spending of $913k, spending 120% of what it took in. Across the 6 years on record, from August 2019 to August 2024, income fell from $2.7m to $759k (-72%), an average of -22% a year. The sharpest change came in the year to August 2020, when income dropped by 53%. Over the whole period it spent 66% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yeshivas Ohr Yissochor Academy Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 79th percentile within NJ. Charities of a similar size with the same main cause include Hug Me Tight Childlife Centers ($759k), Discovery Center ($759k) and Activate Good Inc ($759k).

On its Form 990 for the period ending August 2024, revenue came from contributions and grants 52% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $18k (2.0% of expenses). Other salaries and wages came to $233k. At year end it held assets of $4.9m against liabilities of $1.4m, net assets of $3.6m. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.