Nachlas Bais Yaakov Inc

Analysis

Nachlas Bais Yaakov Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in April 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 August 2023, Nachlas Bais Yaakov Inc reported income of $7.7m and spending of $5.4m, leaving 31% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.3m to $7.7m (+242%), an average of +36% a year. The sharpest change came in the year to August 2021, when income rose by 241%. Over the whole period it spent 76% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nachlas 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 Hidden Genius Project ($7.7m), Andrew J Brown Charter School ($7.8m) and Ralston College Inc ($7.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 21% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $73k (1.4% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $12.4m against liabilities of $4.2m, net assets of $8.1m. It reported 117 employees.