Yaffed Inc

Analysis

Yaffed Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Yaffed Inc reported income of $569k and spending of $932k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $587k to $569k (-3.1%), an average of -0.8% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Yaffed Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within NY. Charities of a similar size with the same main cause include Dyslexia Tutoring Program Inc ($569k), Educational Justice LLC ($569k) and Boolean Girl Inc ($569k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $486k. At year end it held assets of $1.2m against liabilities of $61k, net assets of $1.1m. It reported 7 employees.