New England Jewish Academy

Analysis

New England Jewish Academy is a registered charity in United States, based in West Hartford, CT. It received its IRS tax-exemption ruling in January 1997, 29 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, New England Jewish Academy reported income of $2.7m and spending of $2.8m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $2.7m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 83%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New England Jewish Academy sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Beacon College Preparatory Inc ($2.7m), Bridgeton Public Charter School ($2.7m) and Alaska Laborers Training School ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $292k (10% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $9.3m against liabilities of $2.3m, net assets of $6.9m. It reported 53 employees.