Aderes Bais Yaakov Inc

Analysis

Aderes Bais Yaakov Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in July 2018, 8 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, Aderes Bais Yaakov Inc reported income of $3.7m and spending of $2.8m, leaving 26% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $642k to $3.7m (+481%), an average of +55% a year. The sharpest change came in the year to August 2020, when income rose by 149%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Aderes Bais Yaakov Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within NJ. Charities of a similar size with the same main cause include Freedom Academy Inc ($3.7m), Germanna Community College Educational Foundation Inc ($3.7m) and Primary School ($3.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $8.6m against liabilities of $4.8m, net assets of $3.8m. It reported 91 employees.