Hale Education Inc

Analysis

Hale Education Inc is a registered charity in United States, based in Westwood, MA. It received its IRS tax-exemption ruling in June 1942, 84 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Hale Education Inc reported income of $9.0m and spending of $6.5m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.9m to $9.0m (+84%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 112%. Over the whole period it spent 78% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Hale Education Inc sits at the 99th percentile: it is one of the largest 1% in its cause. 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 I J & Jeanne Wagner Jewish Community Center ($9.0m), York County Agricultural Society ($9.0m) and Lou Fusz Soccer Club ($9.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $158k (2.4% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $16.3m against liabilities of $2.0m, net assets of $14.3m. It reported 321 employees.