Hebrew Academy for Special Children Inc

Analysis

Hebrew Academy for Special Children Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 1968, 58 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 Academy for Special Children Inc reported income of $31.6m and spending of $32.1m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $35.7m to $31.6m (-11%), an average of -3.0% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hebrew Academy for Special Children Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include Overlake School ($31.6m), Georgia Advanced Technology Ventures Inc ($31.7m) and Kimball Union Academy ($31.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 11% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.1m (3.4% of expenses). Other salaries and wages came to $18.6m. At year end it held assets of $15.5m against liabilities of $7.9m, net assets of $7.5m. It reported 562 employees.