Chedvas Bais Yaakov

Analysis

Chedvas Bais Yaakov is a registered charity in United States, based in Cleveland, OH. It received its IRS tax-exemption ruling in November 2017, 9 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, Chedvas Bais Yaakov reported income of $543k and spending of $476k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $524k to $543k (+3.6%), an average of +0.9% a year. The sharpest change came in the year to December 2023, when income dropped by 33%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chedvas Bais Yaakov 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 71st percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Learning Springs Academy Inc ($543k), Alleghany Educational Foundation Inc ($543k) and Hanover Education Foundation ($543k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $80k (17% of expenses). Other salaries and wages came to $88k. At year end it held assets of $322k against liabilities of $6,467, net assets of $316k.