Congregation Oros Bais Yaakov of Lakewood

Analysis

Congregation Oros Bais Yaakov of Lakewood is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in January 2010, 16 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, Congregation Oros Bais Yaakov of Lakewood reported income of $4.6m and spending of $4.2m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.7m to $4.6m (+22%), an average of +5.0% a year. The sharpest change came in the year to December 2020, when income rose by 56%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Congregation Oros Bais Yaakov of Lakewood sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Educare of Lincoln Inc ($4.6m), Slippery Rock Student Government Association Inc ($4.6m) and Keren-Or Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 64% of the total. Other salaries and wages came to $1.7m. At year end it held assets of $11.5m against liabilities of $6.1m, net assets of $5.4m. It reported 113 employees.