Chedvas Bais Yaakov Inc

Analysis

Chedvas Bais Yaakov Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in November 2020, 6 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, Chedvas Bais Yaakov Inc reported income of $2.2m and spending of $2.2m, spending 99% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $909k to $2.2m (+146%), an average of +57% a year. The sharpest change came in the year to August 2022, when income rose by 89%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Chedvas Bais Yaakov Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within NJ. Charities of a similar size with the same main cause include Chesapeake Academy Inc ($2.2m), Village View Christian Academy Inc ($2.2m) and Fortify Foundation ($2.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 20% and program service revenue 71% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $509k against liabilities of $337k, net assets of $172k. It reported 70 employees.