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HAREDI ADVANCEMENT INITIATIVE INC
New York, NY · EIN 922251701 · Form 990PF · FY2024 · NTEE P20 · Human Services · Small ($100K-$1M)
revenue
$697K
expenses
$515K
net assets
$393K
employees
—
profile · synthesized from sources

Haredi Advancement Initiative Inc is a New York-based nonprofit organization focused on supporting Haredi Jews through educational and socioeconomic advancement. The organization operates primarily by making grants to other nonprofits that further its mission. It is classified under Human Services and reported approximately $1M in annual revenue.

named programs · 1 · from sources

What they call their work

Educational and Socioeconomic Advancement Program
Provides grants and support services to enhance the educational and economic standing of Haredi Jewish communities
activities · 1 group

What they do

  • Financial Support for Rabbinical Students 1 activity
    • Funding educational and socioeconomic advancement programs for Haredi Jews
      Provides financial support to partner organizations that implement educational and socioeconomic advancement initiatives serving Haredi Jewish communities.
financials · form 990PF · fy2024
revenue
Total revenue$697K
Contributions & grants$670K96%
Program service revenue——
Investment income$00%
Other revenue—
expenses
Total expenses$515K
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$122K
Grants paid out$24K
balance sheet
Total assets$405K
Cash—
Investments—
Liabilities—
Net assets$393K
2 years on record · 2023–2024 · YoY revenue +23.0%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
Yakov Shafir Executive Dir. 45 $122K
board members · 2
  • Jacqueline Scalisi — Director
  • Joseph Minz — Director
relationships · 1

Who they work with

  • American Friends of Agudath Beit Av Partner — Recipient of a $24,000 grant in 2024 for programs aligned with the educational and socioeconomic advancement of Haredi Jews.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Targeted Grantmaking for Community Advancement
    methodology: targeted_grantmaking
    By directing grants to high-impact initiatives within the Haredi Jewish community, we advance educational and socioeconomic outcomes because focused investment amplifies systemic change in underserved, culturally specific populations.