Seminary Bnos Chaim

Analysis

Seminary Bnos Chaim is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in November 2014, 12 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 June 2023, Seminary Bnos Chaim reported income of $2.1m and spending of $2.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $2.1m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 65%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Seminary Bnos Chaim sits at the 83rd 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 88th percentile within NJ. Charities of a similar size with the same main cause include Hualalai Ohana Foundation ($2.1m), Gardner School ($2.1m) and Nine Fruits Corporation ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $193k (9.1% of expenses). Other salaries and wages came to $346k. At year end it held assets of $2.4m against liabilities of $324k, net assets of $2.1m. It reported 32 employees.