Mesivta Ahavas Hatorah Dlakewood Inc

Analysis

Mesivta Ahavas Hatorah Dlakewood Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in July 2015, 11 years ago. 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 2022, Mesivta Ahavas Hatorah Dlakewood Inc reported income of $3.3m and spending of $2.5m, leaving 24% of income unspent that year. Across the 3 years on record, from August 2019 to August 2022, income grew from $841k to $3.3m (+287%), an average of +97% a year. The sharpest change came in the year to August 2022, when income rose by 234%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mesivta Ahavas Hatorah Dlakewood Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Huntingtons Disease Socitey of America Group Return ($3.3m), Consortium for Public Education ($3.3m) and Campbell Foundation ($3.3m).

On its Form 990 for the period ending August 2022, revenue came from contributions and grants 78% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $167k (6.8% of expenses). Other salaries and wages came to $349k. At year end it held assets of $7.6m against liabilities of $5.6m, net assets of $1.9m. It reported 16 employees.