Oholei Yosef Yitzchok Lubavitch Inc

Analysis

Oholei Yosef Yitzchok Lubavitch Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in February 2017, 9 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 December 2023, Oholei Yosef Yitzchok Lubavitch Inc reported income of $1.9m and spending of $1.3m, leaving 35% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $1.9m (+382%), an average of +48% a year. The sharpest change came in the year to December 2022, when income rose by 165%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Oholei Yosef Yitzchok Lubavitch Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Challenge Success ($1.9m), To Be Honest Inc ($1.9m) and Louisville Winston Educational Foundation Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $107k. At year end it held assets of $4.1m against liabilities of $3.0m, net assets of $1.1m. It reported 9 employees.