Solomon Schechter Day School of Greater Hartford Inc

Analysis

Solomon Schechter Day School of Greater Hartford Inc is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in March 1972, 54 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 July 2023, Solomon Schechter Day School of Greater Hartford Inc reported income of $4.0m and spending of $4.0m, spending 100% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $2.8m to $4.0m (+44%), an average of +9.5% a year. The sharpest change came in the year to July 2022, when income rose by 20%. Over the whole period it spent 101% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Solomon Schechter Day School of Greater Hartford Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within CT. Charities of a similar size with the same main cause include Miami-Dade County Public Schools Fo Undation Inc ($4.0m), Defy Ventures Inc ($4.0m) and Yeshiva Ohr Yehuda ($4.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 34% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $153k (3.8% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.7m against liabilities of $751k, net assets of $902k. It reported 56 employees.