Birchas Yaakov Inc

Analysis

Birchas Yaakov Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Birchas Yaakov Inc reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.7m to $1.1m (-34%), an average of -10% a year. The sharpest change came in the year to August 2022, when income rose by 202%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Birchas Yaakov Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within NJ. Charities of a similar size with the same main cause include Jain Center of Greater Charlotte ($1.1m), High Praises Baptist Church ($1.1m) and Transforming the Bay with Christ ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 39% of the total. Other salaries and wages came to $271k. At year end it held assets of $6.8m against liabilities of $5.5m, net assets of $1.3m. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.