Bais Yaakov of Jackson

Analysis

Bais Yaakov of Jackson is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in July 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 August 2023, Bais Yaakov of Jackson reported income of $1.8m and spending of $1.3m, leaving 26% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income grew from $1.2m to $1.8m (+51%), an average of +51% a year. The sharpest change came in the year to August 2023, when income rose by 51%. Over the whole period it spent 48% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bais Yaakov of Jackson sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within NJ. Charities of a similar size with the same main cause include Consortium of State School Boards Associations ($1.8m), The DCH Foundation Inc ($1.8m) and Sage Academy Inc ($1.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $632k. It paid $6,750 in professional fundraising fees. At year end it held assets of $4.6m against liabilities of $3.0m, net assets of $1.6m. It reported 25 employees.