Shiras Bais Yaakov Inc

Analysis

Shiras Bais Yaakov Inc is a registered charity in United States, based in Toms River, NJ. It received its IRS tax-exemption ruling in February 2021, 5 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, Shiras Bais Yaakov Inc reported income of $625k and spending of $649k, spending 104% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $237k to $625k (+163%), an average of +62% a year. The sharpest change came in the year to August 2022, when income rose by 265%. Over the whole period it spent 81% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Shiras Bais Yaakov Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 78th percentile within NJ. Charities of a similar size with the same main cause include Kids Kingdom Preparatory Academy Inc ($625k), Nonprofit Knowledge Works Inc ($625k) and Friends of Forge Foundation Corp ($625k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $4,800 (0.7% of expenses). Other salaries and wages came to $304k. At year end it held assets of $543k against liabilities of $218k, net assets of $325k. It reported 16 employees.