Yeshivat Darche Eres Inc

Analysis

Yeshivat Darche Eres Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2021, Yeshivat Darche Eres Inc reported income of $48.4m and spending of $24.7m, leaving 49% of income unspent that year. Across the 3 years on record, from August 2019 to August 2021, income grew from $23.4m to $48.4m (+107%), an average of +44% a year. The sharpest change came in the year to August 2021, when income rose by 69%. Over the whole period it spent 72% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Yeshivat Darche Eres Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Tyndale House Ministries ($48.0m), United Faith Ministries Inc ($49.3m) and Awakening Foundation ($43.5m).

On its Form 990 for the period ending August 2021, revenue came from contributions and grants 58% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $433k (1.7% of expenses). Other salaries and wages came to $6.2m. At year end it held assets of $74.4m against liabilities of $35.2m, net assets of $39.2m. It reported 477 employees.