New England Hebrew Academy

Analysis

New England Hebrew Academy is a registered charity in United States, based in Brookline, MA. It received its IRS tax-exemption ruling in December 1947, 79 years ago. 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, New England Hebrew Academy reported income of $805k and spending of $786k, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $924k to $805k (-13%), an average of -3.4% a year. The sharpest change came in the year to August 2021, when income rose by 44%. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New England Hebrew Academy sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Melmark Home Workers Compensation Trust ($804k), Fort Wayne Electrical Joint Apprenticeship and Training Trust ($805k) and Salem Family Ministries Inc ($804k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 50% and program service revenue 48% of the total. Other salaries and wages came to $521k. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m.