Meoros Bais Yaakov Inc

Analysis

Meoros Bais Yaakov Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in January 2015, 11 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, Meoros Bais Yaakov Inc reported income of $7.7m and spending of $5.3m, leaving 31% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $7.7m (+448%), an average of +53% a year. The sharpest change came in the year to June 2021, when income rose by 214%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Meoros Bais 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 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Pacific Collegiate School ($7.7m), The Classical Academy of Sarasota Inc ($7.7m) and Child Care Plus Training & Development Center Inc ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 62% of the total. Other salaries and wages came to $1.9m. At year end it held assets of $12.6m against liabilities of $6.4m, net assets of $6.2m. It reported 99 employees.