Hky Kol Yaakab Inc

Analysis

Hky Kol Yaakab Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2022, Hky Kol Yaakab Inc reported income of $1.7m and spending of $1.5m, spending 87% of its income. Across the 4 years on record, from December 2018 to December 2022, income grew from $551k to $1.7m (+207%), an average of +45% a year. The sharpest change came in the year to December 2019, when income rose by 72%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hky Kol Yaakab Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include The Educational Foundation of the University of South Carolina Lanca ($1.7m), Great Oak School ($1.7m) and Handicare Inc ($1.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $805k against liabilities of $59k, net assets of $747k.