Hebrew College

Analysis

Hebrew College is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in December 1946, 80 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 June 2023, Hebrew College reported income of $9.7m and spending of $9.7m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.5m to $9.7m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hebrew College sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include College of Staten Island Auxiliary Services Corp Inc ($9.7m), Roads Education Organization ($9.7m) and Mastery Charter Schools Foundation ($9.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $648k (6.7% of expenses). Other salaries and wages came to $4.2m. At year end it held assets of $24.0m against liabilities of $6.0m, net assets of $18.0m. It reported 79 employees.