Yeshivat or Hachaim of Lakewood Inc

Analysis

Yeshivat or Hachaim of Lakewood Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in March 2012, 14 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, Yeshivat or Hachaim of Lakewood Inc reported income of $2.9m and spending of $3.0m, spending 103% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $2.9m (+114%), an average of +21% a year. The sharpest change came in the year to August 2021, when income rose by 62%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yeshivat or Hachaim of Lakewood Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Alma Fuerte Public School ($2.9m), Discovery Charter School ($2.9m) and Portersville Christian School Association ($2.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $38k (1.3% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $176k against liabilities of $755k, net assets of -$580k. It reported 87 employees.