Yeshiva Gedola of the Midwest

Analysis

Yeshiva Gedola of the Midwest is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 2022, 4 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 June 2023, Yeshiva Gedola of the Midwest reported income of $2.4m and spending of $1.9m, leaving 24% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.0m to $2.4m (+132%), an average of +32% a year. The sharpest change came in the year to June 2023, when income rose by 36%. 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, Yeshiva Gedola of the Midwest sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include Community Improvement Council ($2.4m), African American Empowerment Network Inc ($2.4m) and Russell Christian Academy ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Other salaries and wages came to $609k. At year end it held assets of $5.4m against liabilities of $3.3m, net assets of $2.1m. It reported 24 employees.