Oholei Yosef Yitzchak Lubavitch

Analysis

Oholei Yosef Yitzchak Lubavitch is a registered charity in United States, based in Oak Park, MI. It received its IRS tax-exemption ruling in February 1997, 29 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, Oholei Yosef Yitzchak Lubavitch reported income of $6.4m and spending of $5.9m, spending 92% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $3.4m to $6.4m (+86%), an average of +17% a year. The sharpest change came in the year to August 2023, when income rose by 66%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oholei Yosef Yitzchak Lubavitch sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Ysc Academy ($6.4m), Small Wonders Preschool and Childcare Center Inc ($6.4m) and Long Trail School Inc ($6.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Other salaries and wages came to $10k. At year end it held assets of $10.4m against liabilities of $1.3m, net assets of $9.1m. It reported 119 employees.