Yeshiva Hakayitz of Detroit

Analysis

Yeshiva Hakayitz of Detroit is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Yeshiva Hakayitz of Detroit reported income of $231k and spending of $222k, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $259k to $231k (-11%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 83% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Yeshiva Hakayitz of Detroit sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Wabash Valley Dance Theatre ($231k), Avoca Museum and Historical Society ($231k) and Lincoln County Historical Association ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. Other salaries and wages came to $27k. At year end it held assets of $150k against liabilities of $5,837, net assets of $144k. It reported 22 employees.