Bnos Bais Yaakov Of Far Rockaway
Bnos Bais Yaakov Of Far Rockaway consistently generates surpluses with no reported officer compensation.
EIN: 113220788 · Far Rockaway, NY · NTEE: B240 · Updated: 2026-03-28
Is Bnos Bais Yaakov Of Far Rockaway Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bnos Bais Yaakov Of Far Rockaway directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bnos Bais Yaakov Of Far Rockaway
Bnos Bais Yaakov Of Far Rockaway (EIN: 113220788) is a nonprofit organization based in Far Rockaway, NY, classified under NTEE code B240. The organization reported total revenue of $29.3M and total assets of $27.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bnos Bais Yaakov Of Far Rockaway's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bnos Bais Yaakov Of Far Rockaway with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Bnos Bais Yaakov Of Far Rockaway allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to officers, which is highly unusual for an organization of this size with revenues exceeding $20 million annually.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bnos Bais Yaakov Of Far Rockaway's IRS 990 filings:
- Unusually low or zero reported officer compensation for an organization of this size, which might indicate compensation is reported under other categories or through related entities, warranting further investigation.
Strengths
The following positive indicators were identified for Bnos Bais Yaakov Of Far Rockaway:
- Consistent financial surpluses, indicating sound fiscal management.
- Significant revenue growth over the past decade, demonstrating increasing support and capacity.
- Healthy asset-to-liability ratio, suggesting strong financial solvency.
- No reported officer compensation, potentially indicating a high percentage of funds directly supporting programs.
Frequently Asked Questions about Bnos Bais Yaakov Of Far Rockaway
Is Bnos Bais Yaakov Of Far Rockaway a legitimate charity?
Based on AI analysis of IRS 990 filings, Bnos Bais Yaakov Of Far Rockaway (EIN: 113220788) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Bnos Bais Yaakov Of Far Rockaway spend its money?
Bnos Bais Yaakov Of Far Rockaway directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bnos Bais Yaakov Of Far Rockaway tax-deductible?
Bnos Bais Yaakov Of Far Rockaway is registered as a tax-exempt nonprofit (EIN: 113220788). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Bnos Bais Yaakov Of Far Rockaway financially stable?
Yes, the organization appears financially stable, consistently reporting revenues exceeding expenses, leading to surpluses in most years. For example, in 2023, revenue was $21,287,818 and expenses were $20,850,167, resulting in a surplus.
How has the organization's revenue grown over time?
Bnos Bais Yaakov Of Far Rockaway has shown significant revenue growth, increasing from $9,096,478 in 2014 to $21,287,818 in 2023, more than doubling its income in less than a decade.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, suggesting that officers do not receive salaries or benefits from the organization.
Are there any significant liabilities compared to assets?
While liabilities are substantial, they are consistently less than assets. For instance, in 2023, assets were $25,923,208 and liabilities were $11,203,269, indicating a healthy asset-to-liability ratio.
Filing History
IRS 990 filing history for Bnos Bais Yaakov Of Far Rockaway showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bnos Bais Yaakov Of Far Rockaway's revenue has grown by 142.7%, moving from $8.8M to $21.3M. Total assets increased by 66.7% over the same period, from $15.6M to $25.9M. Total functional expenses rose by 130.5%, from $9.0M to $20.9M. In its most recent filing year (2023), Bnos Bais Yaakov Of Far Rockaway reported a surplus of $438K, with revenue exceeding expenses. The organization holds $11.2M in liabilities against $25.9M in assets (debt-to-asset ratio: 43.2%), resulting in net assets of $14.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $21.3M | $20.9M | $25.9M | $11.2M | — | View 990 |
| 2022 | $22.9M | $21.5M | $21.2M | $12.1M | — | View 990 |
| 2021 | $28.7M | $25.4M | $26.5M | $18.1M | — | View 990 |
| 2020 | $18.9M | $17.6M | $18.5M | $13.4M | — | — |
| 2019 | $13.4M | $13.4M | $14.9M | $11.0M | — | View 990 |
| 2018 | $11.6M | $11.5M | $13.9M | $10.1M | — | View 990 |
| 2017 | $11.7M | $11.5M | $13.6M | $9.7M | — | View 990 |
| 2016 | $10.3M | $9.8M | $13.3M | $9.5M | — | View 990 |
| 2015 | $9.5M | $8.7M | $13.9M | $10.6M | — | View 990 |
| 2014 | $9.1M | $8.7M | $14.2M | $11.7M | — | View 990 |
| 2013 | $8.9M | $9.5M | $15.3M | $13.2M | — | View 990 |
| 2012 | $8.2M | $9.5M | $14.9M | $12.2M | — | View 990 |
| 2011 | $8.8M | $9.0M | $15.6M | $11.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21.3M, expenses of $20.9M, and assets of $25.9M (revenue -7.0% year-over-year).
- 2022: Revenue of $22.9M, expenses of $21.5M, and assets of $21.2M (revenue -20.1% year-over-year).
- 2021: Revenue of $28.7M, expenses of $25.4M, and assets of $26.5M (revenue +51.7% year-over-year).
- 2020: Revenue of $18.9M, expenses of $17.6M, and assets of $18.5M (revenue +40.7% year-over-year).
- 2019: Revenue of $13.4M, expenses of $13.4M, and assets of $14.9M (revenue +15.9% year-over-year).
- 2018: Revenue of $11.6M, expenses of $11.5M, and assets of $13.9M (revenue -0.7% year-over-year).
- 2017: Revenue of $11.7M, expenses of $11.5M, and assets of $13.6M (revenue +13.7% year-over-year).
- 2016: Revenue of $10.3M, expenses of $9.8M, and assets of $13.3M (revenue +7.5% year-over-year).
- 2015: Revenue of $9.5M, expenses of $8.7M, and assets of $13.9M (revenue +4.9% year-over-year).
- 2014: Revenue of $9.1M, expenses of $8.7M, and assets of $14.2M (revenue +1.9% year-over-year).
- 2013: Revenue of $8.9M, expenses of $9.5M, and assets of $15.3M (revenue +8.8% year-over-year).
- 2012: Revenue of $8.2M, expenses of $9.5M, and assets of $14.9M (revenue -6.4% year-over-year).
- 2011: Revenue of $8.8M, expenses of $9.0M, and assets of $15.6M.
Data Sources and Methodology
This transparency report for Bnos Bais Yaakov Of Far Rockaway is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.