Mesivta Yeshiva of Chestnut Ridge

Analysis

Mesivta Yeshiva of Chestnut Ridge is a registered charity in United States, based in Airmont, NY. It received its IRS tax-exemption ruling in May 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, Mesivta Yeshiva of Chestnut Ridge reported income of $821k and spending of $945k, spending 115% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income grew from $520k to $821k (+58%), an average of +58% a year. The sharpest change came in the year to August 2023, when income rose by 58%. Over the whole period it spent 109% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Mesivta Yeshiva of Chestnut Ridge sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include American College of Bankruptcy Foundation ($821k), Street Academy Foundation ($821k) and Inland Empire Electrical Training Trust ($821k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Other salaries and wages came to $426k. At year end it held assets of $59k against liabilities of $180k, net assets of -$121k. It reported 11 employees.