Hebrew Educational Society of Brooklyn

Analysis

Hebrew Educational Society of Brooklyn is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1925, 101 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 Educational Society of Brooklyn reported income of $10.4m and spending of $10.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.0m to $10.4m (+49%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 39%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hebrew Educational Society of Brooklyn 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 93rd percentile within NY. Charities of a similar size with the same main cause include MC Neese State University Foundation ($10.4m), The Primary School-East Palo Alto ($10.4m) and Sugar Valley Rural Charter School ($10.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $391k (3.8% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $9.8m against liabilities of $1.1m, net assets of $8.7m. It reported 334 employees.