Cheder Eitz Chaim Inc

Analysis

Cheder Eitz Chaim Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in August 2016, 10 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, Cheder Eitz Chaim Inc reported income of $1.6m and spending of $1.0m, leaving 36% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $337k to $1.6m (+367%), an average of +47% a year. The sharpest change came in the year to August 2022, when income rose by 110%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Cheder Eitz Chaim Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within NJ. Charities of a similar size with the same main cause include Unidos MN Education Fund ($1.6m), Pioneer Valley Montessori Society Inc ($1.6m) and Academy Hill Center for Gifted Children Inc ($1.6m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $542k. At year end it held assets of $1.5m against liabilities of $3,670, net assets of $1.5m. It reported 21 employees.