Tiferes Yisroel Inc

Analysis

Tiferes Yisroel Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in December 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Tiferes Yisroel Inc reported income of $2.9m and spending of $1.7m, leaving 41% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $228k to $2.9m (+1190%), an average of +90% a year. The sharpest change came in the year to August 2021, when income rose by 239%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tiferes Yisroel Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Tiferet Rabbi Akiva Inc ($2.9m), Battery Foundation ($2.9m) and Columbine Community Foundation for Grand County ($2.9m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $18k (1.0% of expenses). Other salaries and wages came to $358k. At year end it held assets of $3.9m against liabilities of $1.3m, net assets of $2.6m. It reported 15 employees.