Tiferes Bais Yaakov Inc

Analysis

Tiferes Bais Yaakov Inc is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Tiferes Bais Yaakov Inc reported income of $652k and spending of $996k, spending 153% of what it took in. Across the 2 years on record, from August 2022 to August 2023, income fell from $972k to $652k (-33%), an average of -33% a year. The sharpest change came in the year to August 2023, when income dropped by 33%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tiferes Bais Yaakov Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Beleaf Survivors Inc ($652k), Spanish-Speaking Community of Maryland Inc ($652k) and Lenoir County Council on Aging Inc ($652k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 23% and program service revenue 69% of the total. Other salaries and wages came to $387k. At year end it held assets of $877k against liabilities of $349k, net assets of $529k. It reported 12 employees.