Queens Hebrew Academy

Analysis

Queens Hebrew Academy is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in February 1958, 68 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, Queens Hebrew Academy reported income of $9.4m and spending of $8.5m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.1m to $9.4m (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 49%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Queens Hebrew Academy 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 Kids & Company of Linn County ($9.4m), Iuoe Training and Education Center Inc ($9.4m) and Arise High School ($9.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.2% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $436k (5.1% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $8.5m against liabilities of $1.9m, net assets of $6.6m. It reported 120 employees.