Meiras Bais Yaakov Inc

Analysis

Meiras Bais Yaakov Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in September 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, Meiras Bais Yaakov Inc reported income of $1.2m and spending of $1.3m, spending 109% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $683k to $1.2m (+71%), an average of +71% a year. The sharpest change came in the year to August 2023, when income rose by 71%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Meiras Bais Yaakov Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within NJ. Charities of a similar size with the same main cause include German International School of Dallas Inc ($1.2m), Carlmont Academic Foundation ($1.2m) and Documenting Hope Inc ($1.2m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 34% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $44k (3.4% of expenses). Other salaries and wages came to $723k. At year end it held assets of $200k against liabilities of $228k, net assets of -$28k. It reported 66 employees.