Bais Yaakov of Waterbury Inc

Analysis

Bais Yaakov of Waterbury Inc is a registered charity in United States, based in Naugatuck, CT. It received its IRS tax-exemption ruling in May 2016, 10 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, Bais Yaakov of Waterbury Inc reported income of $1.2m and spending of $1.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $447k to $1.2m (+178%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bais Yaakov of Waterbury Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within CT. Charities of a similar size with the same main cause include Casa Montessori Inc ($1.2m), Childrens Academy on the Halifrax Inc ($1.2m) and Associated Students Pomona College ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $734k. At year end it held assets of $1.0m against liabilities of $899k, net assets of $130k. It reported 31 employees.